The U.S. Department of Labor recently reported that productivity rose by 1.9% in 2021, after gains of 2% in 2019 and 2.4% in 2020.
Productivity is particularly important as the U.S. struggles with inflation, worker shortages, supply chain problems and rising wages. Better productivity might be on the way. COVID changed the way people work, such as working from home and meeting people virtually. Companies added technology to do things electronically such as restaurants adding online menus and ordering systems. Businesses also have added incentive to be more productive to cut cost, raise profit and survive/thrive when labor and parts are hard to find and demand is strong.
MOSIMTEC is your source for potential productivity gains. With our simulation modeling and digital twins, we can help you address the New Normal and the Emerging Normal by leveraging new sources of productivity. Explore options virtually to do more with less, change processes, automate operations, leverage robotics, and turn your data into new ways to improve performance. Our industrial engineers/data scientists think outside the box every day and can help you do the same. With MOSIMTEC’s help, you can futureproof your business and best your competitors. The sky’s the limit.
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Read more here: https://www.wsj.com/articles/american-workers-could-be-about-to-get-a-lot-more-productive-11643905270