Day: March 20, 2021

Manufacturing Supply Chain: Do you hear the sound of “Workforce Recession”?

Posted on by Editor

Workforce Recession is the term unheard of and yet is upon us. It is a new phenomenon that is causing a stir across industries and is laying the foundations for new norms.

Norms of yesterday will never be the norms of tomorrow! COVID-19 has changed the rules of doing business. The startling spike of business evolution, since the breakdown has been unprecedented. Standing up in the face of the pandemic situation is not easy as COVID has made industries go weak on their knees. Especially, the discrete manufacturing where the impact has been felt the most is being challenged with status-quo. With continuous innovation, the thrust of digital, robotics, connectivity, automation, and so on, the blue-collared human valuation has seldom been appreciated.

Read Full Article :- https://logisticsinsider.in/manufacturing-supply-chain-the-sound-of-workforce-recession/

Why digitalization is not the answer to the manufacturing value chain

Posted on by Editor

This article has excerpts from a virtual chat with Mr. Jagmeet Singh, CEO, Axestrack. Axestrack is an Indian logistics business with over 110,000 commercial vehicles and a presence in more than 100 cities. Jagmeet is an automobile engineer, a Stanford business graduate, a global leader, and a tech-enthusiast. He was a partner of Cognizant’s digital business consulting, R&D engineer with Reva-India’s first electric car, and a growth leader with Infosys Consulting. 

COVID-19 has revealed the value of humans in manufacturing

For years, companies have been increasing the adoption of automation to reduce dependency on the workforce and realize the benefits of cost, speed, accuracy, agility, and safety. However, time and again it has been proven that humans will continue to remain important in the manufacturing sectors in different degrees for years ahead.

Workforce unavailability at the sites because of the precautionary measure of stay at home has brought material handling. Mostly, companies might be mulling over new technology. But the criticality of humans in the manufacturing value chain cannot be undermined. COVID-19 has revealed this truth.

Read Full Article :- https://www.infosysconsultinginsights.com/2020/04/27/why-digitization-is-not-the-answer-to-the-manufacturing-value-chain/

Supply Chain Headaches in COVID-19 Lockdown – what you could have done and should be doing?

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It’s here! Yes, we are talking about severe business impact under COVID-19 scenarios. As a supply chain leader, you must be scrambling to address your demand and supply situation once the business resumes post lockdown.

While demand is impacted by customer and business sentiments. It is fulfilling the demand (supply side) which would impose significant challenges, post lockdown. Surprised? According to a Mckinsey report, accounts for nearly 60-65% of the freight movement. Interestingly, even after being such a large segment, it is the most fragmented. This is impacting the lives of one and mostly neglected community – the Commercial Vehicle Drivers.

Post lockdown, availability of drivers will be a big concern for supply chain managers and their organizations. As published in National Herald, soon after the lockdown was announced, nearly 500,000 drivers and their helpers were stranded on the roads with no basic amenities available to them, leading them to abandon their trucks and rush to their homes. This has led to a significant loss of consignment and property. Further worsening the situation, around 30,000 drivers have left for their homes and are now refusing to come back even if the lockdown is lifted. Trucks carrying essential items are stuck between abandoned vehicles to further damage to the supply of essential goods.

Read Full Article:- https://www.businessinsiderindia.com/supply-chain-headaches-in-covid-19-lockdown-what-you-could-have-done-and-should-be-doing/