As we witnessed in 2020, manufacturing disruptions such as the coronavirus can be completely unpredictable. With any unplanned disruption, whether it be a natural disaster, pandemic, or adverse weather, questions arise to understand the impact they will have on industrial enterprises. The fundamental challenge of disruption is to figure out when it’s happening to you, understand where it’s coming from, and have a strategy in place to manage it.
In the era of unprecedented changes, manufacturers are facing problems they have never faced before. Such as shortage of workers in the factory, shrinking of margins, loss of revenue, and supply chain disruptions. But how they handle those they face is what will set them apart.