Nikhil Kaitwade, Sr. Research Manager, Future Market Insights
Despite recessionary downswings induced by the novel coronavirus pandemic on the global manufacturing sector, analysts are hopeful of a fast paced post-pandemic recovery. According to the National Association of Manufacturers’ (NAM) first quarter outlook for 2021, 87.6% of manufacturers felt either somewhat or highly positive about their prospects, with increases expected in sales, production growth rate and employment.
Lean manufacturing has yielded many positive results in the past. A case in point is that of Falcon Fastening Solutions Inc., a cost-reduction specialist for OEMs which utilize production components in high volume, which reported cost savings exceeding 19% in 2018 amongst manufacturers using its services. More recently, in March 2021, Lavorro Inc. has selected PDF Solutions’ Cimetrix Sapience® platform to support the collection of manufacturing equipment data from the factory floor, used to drive Lavorro’s smart-bot Lucy®.
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