How to Make an Assembly Line More Efficient in 2021
Here are the 10 most important areas to focus on when it comes to investing in the efficiency of your assembly operations.
The changing of the calendar marks a new start, a fresh beginning.
How can American manufacturing companies make the best of it?
The challenges facing the industry are great. US trade deficits reached an all-time high in 2020, as the Coronavirus put the economy on the back foot. And, as the American economy contracted during 2020, it's continued to fall further behind China, which Bloomberg now estimates will take over the mantle as the world's largest economy as soon as the year 2028.
How can we change course? According to Elon Musk, who recently overtook Amazon's Jeff Bezos as the world's wealthiest individual, the answer lies in increasing our investment in innovation.
Heeding Musk's advice, we take a look at 10 areas that manufacturing companies should invest their time and resources in to achieve greater productivity and maximum return on investment.
1) Invest In People
An Educated, Innovative, And Healthy Workforce Is Your Number One Asset
It takes a capable, innovative workforce to be successful in the competitive manufacturing market, which means people are the most important investment of all. The Coronavirus pandemic has only heightened the need to improve safe working conditions, but there are other important considerations to help you attract the best and brightest employees: