One thing is clear from the first half of this year: Manufacturing as we know it must change, according to Nate Evans, co-founder of Fictiv. In the wake of severe supply chain disruption caused by COVID-19, on the heels of a trade war with China, OEMs are seeking alternatives to the old way of doing things for a more resilient future. Digital manufacturing for robotics is one solution, he said.
Eighty-seven percent of manufacturing leaders surveyed in Fictiv’s “2020 State of Manufacturing Report” confirmed that digital transformation initiatives are a high priority, and 99% declared that increasing supply chain resilience is a top focus.
In contrast, however, only 14% reported that they have well-funded digital manufacturing initiatives, and 81% said they are facing difficulties finding digitization expertise.
What is the path forward?
At 2:00 p.m. EST on Monday, Oct. 26, 2020, Evans will explore the quantifiable economic impact of digital manufacturing ecosystems as a cost-efficient, low-risk bridge to digital transformation. The centerpiece of this discussion will be Fictiv’s case study of HEBI Robotics and the economic impact this transformation had on HEBI’s bottom line as well as its time to market.
About RoboBusiness Direct
RoboBusiness Direct is an ongoing series of digital events delivered by brightest minds from the leading robotics and automation organizations around the world. The series complements continuing coverage and analysis in Robotics Business Review, a sibling site to The Robot Report.
RoboBusiness Direct is designed to impart to business and engineering professionals the information they need to identify market opportunities, successfully develop and deploy the next generation of commercial robotics systems, and accelerate their businesses.
You can find a listing of RoboBusiness Direct speakers and session topics, along with the dates and times of RoboBusiness Direct programs, HERE.
There is no charge to register for RoboBusiness Direct programs.
About Fictiv co-founder Nate Evans
Evans is a designer, artist, and entrepreneur. As co-founder and chief experience officer of Fictiv, he is focused on the intersection of design, business, and technology to help companies build higher quality products faster and more efficiently.
Evans received his B.A. in International Relations and M.A. in Chinese from Stanford University and developed his understanding of technology and finance as an associate at Seven Hills Venture Partners.
This session is sponsored by Fictiv.
Related content: The Robot Report Podcast: Designing robots for manufacturability; inside Jibo’s revival
The post Digital manufacturing for robotics can yield economic benefits, explains Fictiv co-founder appeared first on The Robot Report.