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Manufacturing is no longer simply about making physical products. Changes in consumer demand, the nature of products, the economics of production, and the economics of the supply chain have led to a fundamental shift in the way companies do business.
Customers demand personalized and customization as the line between consumer and creator continues to blur. Added sensors and connectivity turn “dumb” products into “smart” ones, whileproducts increasingly become platforms or services. In this environment capturing value requires rethinking product offerings and business models while enabling engineers to design the future today.
There is no one path to success; instead, we offer a set of pointers and guideposts. Take this opportunity to define your own success and blaze your own trail through the new landscape of manufacturing.
The manufacturing landscape is undergoing a massive collective shift. Consumer demands, the nature of products, and the economics of production and distribution are evolving.