What are the manufacturing trends in which businesses should make significant investments?

The economic players are currently under pressure from the worldwide economic market for customers as well as several difficulties with production procedure due to the epidemic. Since then, enterprises have had to continuously adapt to new manufacturing trends in order to strengthen their competitive advantages and look toward the future. As a result, in order to encourage innovation and the establishment of a sustainable development plan, RX Tradex will present the top5 emerging manufacturing trends in which businesses are appropriate to make significant investments in today’s article.

1. Top 5 emerging manufacturing trends in which businesses are appropriate to make significant investments.

1.1. Manufacturing trend using 3D printing technology.

The manufacturing industry has made extensive use of 3D printing technology, which has increasingly gained prominence and given organizations a number of competitive advantages. Compared to other conventional techniques, 3D printing offers unmatched benefits that have fundamentally altered the production process and improved the effectiveness and caliber of output items. Businesses will get the following advantages in case they intend to significantly concentrate on investing in some manufacturing trends utilizing 3D printing technology as followed:

• Optimizing manufacturing costs: The use of 3D printing technology allows for the creation of high-quality items with less labor and less resources, such as molds and autonomous machines. The cost-effectiveness of manufacturing activities is actually improved by 3D printing over conventional production techniques.
• Reducing risk in production: With 3D printing technology, product testing becomes easier. Enterprises may simply produce prototype items and then tweak their features, aesthetics, and costs to better fit the market. Following that, 3D printing technology aids in lowering unneeded mistakes and hazards throughout the production procedure.
• Saving materials: The use of 3D printing technology would save a significant amount of waste materials as compared to conventional manufacturing techniques like plastic injection, welding, manual cutting, etc. Additionally, the business owners can also decrease their material inventories at the same time to prevent waste during the pre-production phase.

1.2. Manufacturing trend using robot automation.

In most parts of the industrial process today, robots are predicted to be able to replace the duties of humans. More specifically, corporations have embraced robot automation in a variety of intricate phases that need advanced technology and exact manipulation. Robotic production lines additionally fulfill the role of individual beings in monotonous tasks and dangerous locations. Since then, labor and manufacturing running expenses have decreased dramatically. As a result, firms ought to capitalize the manufacturing trends of robot automation innovation considering several of its specific benefits such as:

• Increasing productivity and efficiency: The robot can operate continuously without getting tired and complete tasks rapidly. This promotes greater productivity as well as faster project completion.
• Managing product quality: Robotic automation lines are capable of completing precisely repeated tasks like assembly, transportation, welding, cutting, and so on. Corporations can thus prevent mistakes and guarantee the highest output product quality.
• Optimizing labor savings: Using robots in the industrial process can save labor expenses, particularly for repeated tasks. In comparison to other conventional production techniques, several automation lines are now in use and may replace thousands of humans.

1.3. Manufacturing trend using smart factory 4.0.

Experts believe that the Smart Factory, a possible manufacturing trend, has the ability to completely transform the industrial sector in the future. The advantage of a smart factory is that its technology can adapt as the needs of the company change over time. Businesses may create new goods, anticipate demands of the market, and react to those needs thanks to the flexibility of technology and equipment used in a smart factory. As a result, firms may boost competitive productivity and formulate long-term growth plans for the future. Businesses specifically gain from investing in the manufacturing trend toward smart factories at the following points:

• Enhancing production processes: Smart Factory 4.0 helps businesses analyze real-time data and track production details. This helps to manage and operate the plant more efficiently, from production planning to material supply chain management.
• Flexible changes according to the market: Smart factories let firms adapt quickly to changing consumer demands by customizing the technologies and equipment used in the production process. From there, companies may swiftly adapt to client needs, enhance, and invent goods in line with market trends.
• Boosting productivity: By applying smart technologies and devices in the production process, businesses can increase productivity and improve work efficiency.

1.4. Manufacturing trend using new materials.

The trend of employing new materials, also known as advanced materials, is seen to be the key to concentrating a lot of resources on research and development in the current time, especially sustainable materials in the production activities of sectors like construction, food, healthcare, packaging, etc. Additionally, there have been several rules put into place, including the Decree 09/2021/ND-CP on monitoring materials in construction. Since then, new materials have become established standards for many industrial processes and are progressively no longer seen as a fad. The following are a few tangible advantages of using new materials in manufacturing:

• Improving the quality of finalizing products: New materials frequently have unique features that are incorporated into the manufacturing process by businesses to enhance the quality of their products. As an illustration, consider silicone rubber, carbon fiber, and polymerized metal bars. In high-tech industries like products, these materials aid in weight reduction, improve product durability, and exceed technical standards.
• Safe for the environment: At the moment, new materials are produced with the intention of minimizing environmental harm. Businesses may reduce the amount of trash and fossil fuels used in the production process by employing recycled materials.
• Optimizing product customization and innovation: New materials help businesses improve products according to increasingly diverse market needs. Products can be adjusted in hardness, ductility, color and surface properties to suit customer requirements.

1.5. Manufacturing trends using artificial intelligence (AI).

Artificial Intelligence technology (AI) has always been seen as the technology of the future. But now, many businesses are also starting to apply this technology in production activities. This is expected to be a booming manufacturing trend that is able to bring significant improvements to the company’s business. In which, businesses will better profit practically from investing in this AI manufacturing trend in the following ways:

• Automatic fault detection in the production process: By applying the self-learning ability of artificial intelligence to the production process, enterprises can gradually eliminate the human quality inspection process, thereby improving the quality of the product and working time. The AI system also helps businesses detect errors early in the production process, minimizing unnecessary losses.
• Product quality assurance: Businesses may determine if a product has been created with the highest quality or not using modern AI algorithms using technologies like sensors or automatic image processing.
• Data aggregation and analysis: Using artificial intelligence to compile information from sensors connected to the internet of things (IoT). Businesses thus may now assess their manufacturing processes and develop elaborate plans to boost their business models’ effectiveness.

2. Summary.

The above is a summary of RX Tradex about Top 5 emerging manufacturing trends in which businesses are appropriate to make significant investments today. Hopefully, the information shared by RX Tradex can help businesses find solutions and technologies suitable for production business models, thereby creating competitive advantages and building sustainable development strategies in the future. In which, companies interested in learning more about the most cutting-edge manufacturing trends nowadays from global leaders can attend the Vietnam Manufacturing Expo, which is being coordinated by RX Tradex Vietnam. Additionally in 2023, RX Tradex also plans to host NEPCON Vietnam, METALEX Vietnam, and Waste & Recycling Vietnam, among other notable exposition events.