DECEMBER - 20216 MANUFACTURING TECHNOLOGY INSIGHTSThe current COVID-19 pandemic and the ever-rising price wars have presented the automotive manufacturing industry with numerous technological and operational challenges alongside potential opportunities. This has led the automotive manufacturers to drive towards the adoption of digital technologies across all business areas, including product design, procurement, supply chain, marketing, and sales, to name a few.The key factors driving this digitalization are the increasing pressure on cost and quality, product development in compliance with environmental regulations, the need for sustainable and transparent ecosystems, and increasing product complexity and ever-changing market dynamics. The current cost structures in the supply chain don't let automotive manufacturers contain costs. This pushes them to shift to just-in-time operations to improve supply chain efficiency, traceability, and transparency.The need for connective and smart solutions is rife in the automotive manufacturing domain due to the constant pressure from regulators to make vehicles safe and sustainable in combating congestion, pollution, passenger and pedestrian safety, and so on. To address this, manufacturers are making connected vehicles using perception sensors, machine learning, and sensor data processing.Digitalization helps manufacturers to eliminate the complexities that are otherwise present in the industry's value chain. It allows them to shrink the product cycles and provides real-time agility and visibility into the ongoing processes.The future of a digitalized automotive manufacturing sector is undoubtedly promising. In the upcoming two to five years, we expect to witness a digitally connected supply chain in the industry. This digital transformation will help manufacturers break down the traditional silos and allow every department to collaborate effectively and efficiently. It will, in turn, help businesses to be better prepared in the face of unexpected circumstances.To conclude, the industry is undergoing a paradigm shift with the adoption of data-driven operations powered by automation, computer vision, IoT, advanced robotics, and more across businesses. To accelerate this much-awaited change, companies are implementing integrated system solutions, analytics, and data management to extract value from data.In this edition, we aim to provide readers insights from industry leaders to help them have a detailed understanding of the advancement of the automotive manufacturing arena and the latest technological developments happening in this field.Let us know your thoughts!Digitalization: the New Face of Automotive Manufacturing IndustryEditorialCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com DECEMBER - 23 - 2021, Vol 07 - Issue 23 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerVictor CruzAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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