White Paper Reports on the Impact of COVID-19 on Advanced ManufacturingJune 11, 2020
A new white-paper report from the World Economic Forum’s Advanced Manufacturing Hub (AMHUB), with input from Automation Alley, Troy, MI, takes a look at how the manufacturing industry can survive and thrive in the midst of supply-chain disruptions and halts to production caused by the global COVID-19 pandemic. Capturing unique perspectives from seven worldwide regions, the white paper, titled The Impact of COVID-19 on the Future of Advanced Manufacturing and Production, provides examples of manufacturing and government responses and offers best practices to get economies and citizens back to health as quickly and wisely as possible.
The World Economic Forum established the global network of AMHUBs to help small to midsized manufacturers keep pace with the rapidly transforming technological advances that could disrupt their industry,” says Automation Alley vice president and white paper contributing author Cynthia Hutchison. “The aggregate of voices in the white paper not only reports on the manufacturing impact of COVID-19 from regional angles throughout the globe, but also shares lessons learned and best practices to mitigate repercussions and improve manufacturers’ abilities to be better prepared and emerge stronger.”
Among key findings from the report: The pandemic is a wake-up call for the necessity of Industry 4.0 technologies in a global marketplace that now requires more agile and flexible production systems and supply chains.