January is National Slavery and Human Trafficking Prevention Month, an effort to draw attention to a problem that affects adults and children of all ages and demographics. Human trafficking leads to the exploitation of an estimated 25 million workers, 16 million of which are in forced labor arrangements according to the International Labour Organizations (ILO). Businesses and consumers are often unaware of the possibility of human trafficking in the manufacturing and distribution of goods.
Corporate Affairs, Growth & Innovation, Leadership, Human Resources, Leadership Development, Recruiting & Hiring, Staff Training & Development, Operations, Manufacturing
The skills gap is real, and it is well known that manufacturers are having a difficult time filling open positions. Studies show that 84% of executives agree there is a talent shortage in U.S. manufacturing, and six out of ten manufacturers have open skilled production positions that are unfilled due to talent shortages. Are veterans the answer to these problems?
Operations, Continuous Improvement, Information Technology, Manufacturing, Quality, Supply Chain
On June 14, 2018, MAPI will hold its inaugural Operations Data Analytics Forum in Rosemont, IL. Akshat Thirani, co-founder and CEO of Amper Technologies, a technology company on a mission to build modern and practical tools for manufacturers to get complete visibility and analysis on their operations, will co-present on the business outcomes of using data analytics and IoT in manufacturing operations.
Akshat took the time to answer a couple of questions to lay the foundation for his presentation and give us a little more insight into his background.
Operations, Information Technology, Manufacturing, Procurement, Quality, Supply Chain, Logistics
In an increasingly digital world, surrounded by connected devices, manufacturers are recognizing the necessity and benefits of moving from a linear supply chain model to a flexible, digital supply network (DSN). DSNs integrate data and information from the various sources that contribute to the production and distribution of manufactured goods. This data is available instantaneously, allowing manufacturers to make quick decisions and adapt to changing market needs. Additionally, DSNs reduce product costs, increase profitability, and improve quality. With wide-ranging benefits, one would expect that a majority of manufacturers have implemented DSNs. However, according to a survey conducted by MAPI and Deloitte, only 28% of respondents have started implementing DSN solutions.
The 2016 Panama Canal expansion added a third set of locks while doubling its shipping capacity. With the physical enlargement came a new transit booking system and a slot auction. Both addressed bottlenecks by shortening wait times at peak seasons. In its first fiscal year of operation, the number of ships rose 3.3% while total tonnage increased 22%. This singlehandedly stemmed from the new maximum size of Panama vessels that can transit. As expected, the expansion resulted in some diversion of traffic, higher demand for passage, and new investment in ports – primarily on the East Coast – to accommodate larger ships. The greatest potential impact for manufacturing companies will be on trucking capacity.
Growth & Innovation, Research & Development, Engineering, Operations, Manufacturing
Collaborative engineering tools are transformational for many organizations. In addition to reducing time to market, they reduce cost, eliminate errors, and create an environment of information sharing that is resulting in better products. The future will not only see greater improvements in cycle times but will also see a greater expansion of data analytics tools and larger teams to include suppliers and others in the organization, having an overall impact on the bottom line.