Technology is Driving Digital, Always-On Supply Chains
by George W. Prest, Chief Executive Officer, MHI | @
Innovation is transforming traditional, linear supply chains into ones that are more connected, intelligent, scalable, nimble—and digital.
Sensors are enabling data collection, advancements in computing power have improved predictive analytics, and supplemental tools—such as automation and wearables—are creating digital, continuously operating supply chains and interconnected networks of supply chain workers.
The recently released 2016 MHI Annual Industry Report—Accelerating change: How innovation is driving digital, always-on supply chains asserts that companies that embrace this transformation and focus on investing in new technologies will out-compete and thrive in this new “always-on” environment. The current issue of MHI Solutions focuses on how to successfully connect and automate your supply chain, from best practices in predictive analytics to sensors and the Industrial Internet of Things to the impact of robotics and automation.
Always-on supply chains have the potential to deliver massive economic and environmental rewards. They can boost productivity and sustainability, drive new markets and encourage innovation, resulting in exponential change for industry and society as a whole. The amount of real-time supply chain information generated by these new technologies is game-changing. As the always-on supply chain becomes essential for business survival, companies in all industries will seek the best ways to harness the technologies driving them.
Firms that integrate automation and connected, smart capabilities into their operations will be on the winning end. The time to get started is today. A great way to do that is to get involved by attending the 2015 MHI Annual Conference October 17-19 in Tucson, AZ. The theme of this event is Accelerating Change and the conference topics mirror those of this year’s Annual Industry Report. This conference is your opportunity to establish and strengthen relationships with solution providers while exchanging ideas with your peers on the most important issues and trends impacting this industry. See pages 58-65 for more information on this event.
I also encourage you to download the 2016 MHI Annual Industry Report at MHI.org. I hope this issue of MHI Solutions helps provide the information and resources you need to transform and continuously improve your business.