In recent years, the ecosystem of manufacturing across every sector has changed, driving every player within this framework to be flexible in both an industrialisation and operational standpoint. As a result of rapid technological development and consumer personalisation, the behaviours that consumers adopt when purchasing a product or acquiring technology has forced manufacturing companies to rethink their approach to servicing those needs.
The fierce competitiveness caused by rapid innovation and the demand for consumer convenience potentially reduces the viable product life and raises the likelihood of mass customisation, leading to high variance and rapid changeovers in low and high value products. These new market behaviours inevitably challenge the preconceived financial justifications. Return-on-investment confidence (ROI), and the challenge of managing a financial benchmark are causing companies to rethink the way they buy, configure, and utlilise factory automation.
Among the myriad of industries tackling these elements is the healthcare sector, which faces daily challenges of not only adhering to ever-changing buying patterns through personal care products, but also the responsibility of enhancing a consumer’s quality of life via medical devices. ETG aim to start a conversation around the flexibility of manufacturing and how technology can allow companies to address needs before they are defined, during the lifetime of the product and production automation.
Specialists and innovative companies like ETG have a significant part to play in designing and producing technology that assists companies in becoming adaptive. Below, we have provided an overview of each of the five main topics that are driving business leaders every day.