3. Whole-system planning
Finally, the whole-system planning trend encourages manufacturers to own less and explore new partnerships to unlock and realign the capital required for service-led business models.
In the wake of social, environmental, and political uncertainty, businesses should work together – even with competitors – to boost resilience and protect profits, especially as new competitors such as Facebook enter the semiconductor market.
There's also an opportunity for manufacturers to streamline production with innovative tech. For example, high-tech manufacturers could partner with companies using extreme ultraviolet lithography – which uses very short wavelength light to construct fine patterns – to make powerful microchips in less time and at less expense.
As the manufacturing industry prepares for the future, every high-tech manufacturer can become an instinctive enterprise. Though disruption is unwelcome, it can also be the catalyst for developing new and better ways of doing business.
To explore the trends shaping the future of manufacturing in more detail, read the Manufacturing in the Age of Instinct report.