This year marks the 20th anniversary of the founding of The Manufacturer. Nick Hussey, CEO of the Hennik Group, which publishes the magazine, reflects on two decades of industry-leading insights, features and analysis.
As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services field, manufacturing is clearly in the midst of an industry-wide servitization transformation.
Most manufacturers see investments in factory connectivity not just as a means of cutting costs, but as a way to increase revenue. In fact, respondents to the Annual Manufacturing Report 2017 anticipate additional revenues of £775,000 over the next 12 months because of their investments in connectivity.
In the much-publicised march towards the digitalisation of manufacturing, one very important element is routinely ignored, namely how to integrate the digital sharp end with back office systems that traditionally have relied on paper.