Global supply chains are facing major challenges. Technological advances and geopolitical tensions will characterise the coming years. Companies must adapt their production and supply chains in order to remain competitive. Automation and robotics play a decisive role in this.
Transformation of production and industry required
Automation and robotics are fundamentally changing industrial production. Modern technologies such as CNC machining enable more precise and efficient manufacturing processes. For example, a manufacturer of automotive parts can use CNC machines to produce complex components with high precision. These machines allow parts to be machined in a single operation, which drastically reduces production time. In addition, the use of materials is optimised as CNC machines work very precisely and minimise waste.
The aerospace industry is also under pressure
High-precision components are crucial in the aerospace industry. These parts are often difficult to manufacture using conventional methods. CNC machining, however, allows these parts to be manufactured to extremely tight tolerances. This significantly increases the safety and performance of aeroplanes. Time and costs are saved by this method, while the quality and reliability of the end products are improved. These developments lead to shorter production times and lower costs. Companies that utilise these technologies can significantly increase their competitiveness.
Flexibility and speed
Supply chains must adapt to these changes. Flexibility and speed are becoming increasingly important. Companies must be able to react quickly to changes in the market. Digital platforms and real-time data analyses help to maintain an overview and make decisions efficiently. Investments in new technologies and employee training are therefore essential.
Learning from recent years: more complex business activities are in demand
Globalisation presents supply chains with complex challenges. Political uncertainties, trade conflicts and natural disasters can lead to disruptions. Companies must therefore build robust and resilient networks. Diversification of suppliers and production locations is an important strategy.
The Federal Bank of New York’s Global Supply Chain Pressure Index provides valuable insights. This index measures the pressure on global supply chains and helps companies to recognise risks at an early stage. Analyses and forecasts enable companies to adapt their strategies and react to changes. A broad positioning and diversification of business areas protects against unforeseeable crises.
Sustainability and environmental awareness
Sustainability is becoming increasingly important in the global economy. Environmentally friendly and socially responsible practices not only make ethical but also economic sense. Companies must organise their supply chains sustainably. This includes the use of environmentally friendly materials and energy-efficient processes. At the same time, CO2 emissions should be reduced and waste minimised.
Environmental protection in the supply chain
Reducing the CO2 footprint is a key objective. Recycling and reuse of materials are becoming increasingly important. Partnerships with environmentally conscious suppliers enable companies to achieve their sustainability goals. Technological innovations such as energy-efficient production facilities support these efforts and contribute to long-term competitiveness.
The European Union has set itself ambitious climate targets, including reducing greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. These targets require companies to act decisively. Countries such as Japan and Canada are also pursuing similar targets. Japan plans to become climate-neutral by 2050, while Canada is aiming to reduce emissions by 40-45% by 2030.
Companies as an important puzzle piece for climate targets
Companies play a key role in achieving global climate targets. Sustainable supply chains are a key factor in this. Companies must ensure that their suppliers also apply environmentally friendly practices. Compliance with international environmental standards and regular reviews of their own environmental footprint are crucial.
Technological innovations make a significant contribution to improving sustainability in the supply chain. Artificial intelligence (AI) and the Internet of Things (IoT) can optimise energy consumption and reduce waste. Blockchain technology makes supply chains more transparent and efficient.