With automated data collection, barcode software and other recent innovations, manufacturing and the supply chain are seeing more efficiency and productivity than ever before. Industry professional R. Lockard wrote on Manufacturing.net that as the Bureau of Economic Analysis' recent Manufacturing's Share of Gross State Product report pointed out, different regions have seen their own unique technology drive the industry forward. In Oregon, for example, there has been a total manufacturing output of $56 billion, much of which has been driven by integration.
"While an overtly simple answer, the implications of integration are widespread," he wrote. "Across every industry's horizon lays deeper and more sophisticated computer and electronic implementation - self-driving cars, biometric clothing and apparel, 'smart' homes, production tracking software and devices and so on. Every facet of life is finding a new place for computer and electronic integration, and all this integration and innovation is showing no sign of slowing down anytime soon."
In Indiana, the total output was $74.1 billion with automation, such as software monitoring systems, being a big reason for efficiency gains.
The rest of the top five consisted of:
3) Louisiana, with a $63 billion output and a newfound reliance on analytics
4) Wisconsin, with a $50.1 billion output featuring the use of 3D printing
5) Iowa, which saw a $27.6 billion output with a focus on new inventions
Manufacturers Must Consider New Technology
There are many economic forces affecting the manufacturing industry right now, but industry professional Jim Heppelman said at a recent conference that globalization, personalization, digitization, and connectivity have made it a necessity for for organizations to build or adopt smart software.
"The way you get to a market of one is you go the last mile in software," he said, according to Design News.
A recent study by his organization and Oxford Economics found that executives are realizing these trends and changing their strategies to better meet their needs, as 68 percent of firms are about to undergo what is considered to be a radical business change. Additive manufacturing and 3D printing would grow 123 percent in the next three years, remote diagnostics will grow 56 percent and smart products will grow 38 percent in the same timeframe. Some manufacturers are already using software features to help gather information, according to the report, as data collection systems are starting to become more popular in multiple industries.