The application of machine learning and cognitive analytics is changing the intelligent digital supply chain and how companies everywhere do business. Jabil’s Fred Hartung, Vice President of Advanced Planning and Logistics, said “The ability to feed good data is now table stakes.”
The Jabil Blue Sky Center is set to host the first-of-its-kind Hardware Startup Conference on October 13 and 14. This two day event is hosted in conjunction with Wearable World and focuses on the end-to-end (e2e) process of manufacturing for hardware products. With a limited attendance of 300 people, this event aims to create an intimate experience that allows hardware entrepreneurs and startup visionaries to build deeper connections with corporate innovators.
There is dramatic shift occurring across global supply chains. Technology advancements, driven by the digital economy, are disrupting traditional operations, business models and value chains. As hardware, software and services continue to converge, opportunities are arising for manufacturing companies. Alongside this opportunity, however, is increased pressure to tailor actionable solutions based on data analytics and expertise. Successful companies are delivering on the opportunities while rising to face unique market challenges.
Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies. Participants ranged in roles and company sizes with questions that spanned a variety of topics such as visibility, factory-of-the-future technology, the Internet of Things and more. The results show some of the biggest trends in supply chains for 2015.
According to Jabil Chief Operating Officer Bill Muir, there are two key challenges on the horizon for manufacturers, brought on by the behavior of consumers. The first is mass customization, pushing manufacturers to advance beyond the Henry Ford concept of “one size fits all.” The second is the demand for instant gratification, which makes the former even more challenging. Muir discussed how smart manufacturers are turning these challenges into opportunities by adopting the ‘Intelligent Factory’ at IndustryWeek’s recent Best Plants conference.