Factory orders are rising fast, but problems abound. Factories face shortages of parts/workers, rising raw material costs, supply chain disruptions and logistics bottlenecks.
MRS Machining, a Wisconsin maker of precision metal parts, recently had to turn down a million dollars’ worth of work. Shortages of items like steel/metal plate are an ongoing problem. “Quotes for material goods from suppliers are usually good for 3-6 months, but now it’s a matter of hours”, per the owner. Auburn Manufacturing, Inc, a Maine maker of fire-resistant fabrics, is struggling to hire workers to meet demand for infrastructure-related products. Many workers are moving out of urban areas and looking to live in a more rural environment.
Growing dislocation requires new ideas/solutions to make things work. MOSIMTEC simulation modeling can help. How can you meet demand with fewer workers? How can you change your manufacturing process to deal with fewer parts? How can you adjust your product line to reflect spot shortages or price spikes? There are many ways to succeed. Explore options virtually to see what works, what doesn’t, and new ways to satisfy customers and best competitors in challenging times. MOSIMTEC industrial engineers and data scientists can help.
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Read more here: https://www.nytimes.com/2021/04/28/business/economy/factories-manufacturing-economy.html