The days of outsourcing skills and manpower are coming to an end. You may have heard terms like reshoring or repatriation to describe this. But what is it all about and how does it relate to other trends?
The manufacturing industry was one of the earliest adopters of automation processes, for example, with machines and robots working together. Likewise, manufacturing was a pioneer in offshoring and outsourcing. Many manufacturers are no longer satisfied, mainly because of outdated supply chains and accounting systems. Digitalization and automation offer new cost-saving opportunities here, just in time. It wouldn’t hurt to take a hypothetical look at the concept of the microfactory and develop concepts for what such a transformation might look like for your own company.
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