• About
  • Masthead
  • Writers Guidelines
  • Contact

Helpful Mechanic

  • Home
  • News
  • Reviews
  • Humor
  • Mechanics
You are here: Home / Archives for Gary Brooks

About Gary Brooks

As Chief Marketing Officer at Syncron, Gary Brooks is responsible for global marketing and focuses on enabling leading manufacturers around the world transform their after-sales service operations to maximize product uptime.

Attachments area

4 Manufacturing Trends to Watch in 2020

January 28, 2020 By Gary Brooks Leave a Comment

Car Trends Manufacturing
2020 is setting the stage for a monumental decade in the manufacturing industry. In the U.S. specifically, 76 percent of voters are interested in how presidential candidates will support and grow manufacturing — putting OEMs in the spotlight to make the months and years ahead their most productive yet.

From new technology innovations to trade wars, 2019 was an exciting, albeit hectic, year for the manufacturing industry. Plus, expanded adoption of the Internet of Things and Machine Learning, coupled with an ever-evolving customer landscape and the independent aftermarket, is leading many OEMs to explore Product-as-a-Service business models, where customers purchase a desired result or output of a product rather than the product itself.

As the manufacturing landscape continues to evolve into the next decade, the four key trends below can help OEMs fuel success:

  1. The majority of OEMs’ businesses will be centered on delivering products-as-a-service by the end of the decade. According to IDC, 40 percent of manufacturers have some sort of IoT project underway.[1] However, most OEMs’ deployed products are disconnected, or not IoT enabled. We predict that by 2030, sensor-equipped, IoT-connected products will be the norm, providing OEMs the data and insights they need to make maximizing product uptime and delivering products-as-a-service a reality.
  2. Flexible consumption models fuel products-as-a-service. Manufacturers can no longer employ a ‘one size fits all’ approach. As consumers flock to usership over ownership, customers will expect the same business models in their place of work. Several industrial manufacturers like BAE, Caterpillar, GE, ABB and more have launched subscription models, and we can expect many more to follow suit in 2020. OEMs will have to adopt new technologies, infrastructure and business processes to meet these new demands.
  3. Technology will accelerate the shift to delivering products-as-a-service. Leading manufacturers have already recognized that accelerating the transformation to delivering products-as-a-service can only be accomplished if the core of their current service operations – service parts inventory and price management – are fully optimized. Flexible, scalable technology will be a key accelerator and enabler to selling products-as-a-service. Additionally, subscribers expect their equipment to be up and running at all times – putting previously unseen demands on manufacturers’ service organizations. Sophisticated service business transformation technologies, coupled with increasing data-transfer bandwidths (5G), IoT, artificial intelligence and Machine Learning, are paving the way for OEMs to facilitate predictive and prescriptive maintenance, optimize productivity and maximize product uptime more efficiently than ever before.
  1. Governments and customers will push for manufacturing to be more environmentally sustainable. The way we create value in business today is very linear: we use natural resources to build a product, sell that product into market and dispose of it at the end of its lifecycle. The circular economy, however, aims to reduce waste and the continual use of natural resources. Adidas, for example, has the Futurecraft Loop shoe where consumers return the shoe to Adidas once they have worn them out and the shoes are repurposed for future Loops. It’s inevitable that this same model will make its way to the manufacturing sector, as governments, consumers and Wall Street will all expect to more sustainable business practices in place.

2020 is set to be a huge year for manufacturing on both a micro and macro level. From the rise of “as-a-Service” business models to the increased focus on sustainability, manufacturers are poised for a watershed year. And with the right infrastructure and resources in place, OEMs cannot only “roll” with these changes, but ultimately turn them into strategic advantages.

[1] IDC, 2019 Product and Service Innovation Survey, Doc # US44334119, Aug. 2019

Filed Under: News

News by Manufacturer

Apple Project Titan Aston Martin Bentley BMW Bugatti Cadillac Chevrolet Ferrari Ford GM Google Self Driving Cars Honda Hoverboard Technologies Hyundai Karma Automotive Lexus Maserati Mercedes Nissan Pontiac Porsche Rolls-Royce Subaru Tesla Toyota VIA Motors Volkswagen Volvo Waymo

Popular Articles

  • Bulb Options for Headlights
  • How to Get Your Car Ready For the Summer
  • 4 Family Friendly Cars Under $10,000
  • Tire Sizes: What Do All the Numbers and Letters Mean?

Why Read Helpful Mechanic

Helpful Mechanic offers a useful automotive information for those looking for purchasing advice or needing to trouble shoot and understand how to fix common and not so common automotive issues - brought to you by staff writers and contributors and illustrated with eye catching photography.

Follow Helpful Mechanic

  • Bloglovin
  • Facebook
  • Google+
  • Pinterest
  • Twitter

Helpful Mechanic Disclaimer

The information on Helpful Mechanic site is not intended as a substitute for the professional advice of a qualified automobile mechanic who has personally inspected the vehicle for purposes of diagnosis or repair. You should always seek the advice of the automobile manufacturer, the dealer where the automobile may have been purchased, a qualified mechanic or other qualified professional with any questions you may have regarding automobile safety, maintenance, or repair. You should not delay, avoid or disregard the advice of the manufacturer, dealer or qualified auto mechanic because of anything you may have read, seen or heard on this site. The information provided by Helpful Mechanic is provided as is without warranty or guarantee of any kind, you understand you are using the information on Helpful Mechanics website at your own risk and understand Helpful Mechanic and founders and staff are not liable for how you interpret and use the information.

Follow Helpful Mechanic with Bloglovin

Corporate

  • About
  • Masthead
  • Writers Guidelines
  • Contact

Legals

  • Terms of Services
  • Privacy Policy

Stay Connected

  • Follow Us on Twitter
  • Like Us on Facebook

Copyright © 2023 Helpful Mechanic