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Manufacturing Trends to Watch in 2013

Posted 11:02 PM by

A recent article in the Council of Supply Chain Management Professionals’ Quarterly Supply Chain newsletter, "Three Trends to Watch in 2013," addresses what the council sees as the top trends to watch for in 2013.

  1. Reshoring of Jobs: This is a concept that received a lot of attention in 2012 due to rising labor costs in foreign countries, quality issues and transportation costs. Additionally, there will be increased concerns in 2013 over the ongoing labor strikes that have occurred at many U.S. ports recently, which serves as a reminder that there are risks associated with manufacturing offshore. Finally, there is far more risk to an international supply chain than a domestic supply chain (the potentional for things like natural disasters or political upheavals are higher).
     
  2. Rise of Demand-Driven Replenishment: The idea that manufacturers will use actual data from customers (i.e., point-of-sale systems at a retailer) to determine the amount of production that needs to occur.
     
  3. “Big Data” Analytics: With modern technology, manufacturers are able to use much larger quantities of information in an efficient and timely manner. Access to this information provides new opportunities to improve efficiencies and eliminate bottlenecks in production.

About the Author
Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group. Justin works with clients to help ensure accurate financial reporting, keeping an eye on their bottom line, helping them avoid risk and maximize efficiencies. Connect with him on LinkedIn.

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Comments (1)
C. Tallar wrote
I am not sure we will see the return of manufacturing to this nation unless our government leaders provide the incentives toward job growth. If they continue to penalize private business to pay more in taxes, healthcare, environmental issues, and more governement involvement. The will halt the desire to return. It is still the best move for our nation, however, our government believes they know better! Time will tell.
Posted Feb 1 2013 12:59 PM
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