Consumer Demands & Supply Chains Are Changing Manufacturing

Audio transcription may not be 100% accurate:

Hello, everyone. This is kennedy with total resource staffing and today we're gonna be looking at an article titled "the future of #manufacturing. Making things in a changing world. " So this will relate really well with our topic of today, which is "shifting consumer and industry demands impact on manufacturing. " so the future of the manufacturing industry is no longer simply about making physical products. Changes in demand from customers the impact of covid on the economic environment and other aspects of the #supplychain have all contributed to a shift in the way companies are doing business around the world. The connection between consumer and creators start to come together as the demand for personalized and customized products are on the rise. These trends can affect different industries within manufacturing at different rates. By understanding these market trends, companies can look into factors that exist within these changing dynamics. Some trends in consumer demand include consumers. Rising power and unmet needs around customization and co-creation are causing markets to expand. Some trends and products include technology advancements, enabling connectivity, transforming projects from physical objects into smart devices such as an apple watch or a smart tv. Shifts and industry demands have caused manufacturers to shift their focus into tech innovations. #Additivemanufacturing, better known as 3d printing, involves manufacturing technologies that create objects by addition rather than subtraction. While 3d printing isn't technically a new technology, we've seen a rapid increase in tools, techniques and applications in both commercial and consumer markets.