How Have Global Manufacturers Fared in 2021?
The coronavirus pandemic had a major impact on global manufacturers in 2020. Business activity came to a standstill while the world adapted.
But the development of a vaccine and its implementation began in early 2021. The impact on the global manufacturing industry is starting to shift.
In this article, we will explore some of the changes happening in global manufacturing in 2021. We will also take a look at some of the permanent impacts the coronavirus has made on the industry as a whole.
Read on for more information.
Global Manufacturing: What Changed in 2020?
As the end of 2019 brought to light the rapidly spreading coronavirus, worldwide manufacturing slowed down to a halt.
Businesses closed their doors as quarantine orders went into effect. With employees at home sheltering in place, employees were not present to keep a variety of manufacturers running.
Along with quarantine orders, the demand for products in certain industries dropped rapidly. High-contact businesses, such as:
saw a significant decrease in customer interaction. This is due both to quarantine orders and the comfort level of customers.
But the demand for things like:
- Work-from-home stations
skyrocketed as employees began to shift to office life in their homes. With skeleton crews in manufacturing warehouses, companies simply could not keep up with the demand.
There was not a global manufacturing company worldwide that was not affected by demand, either a lack of it or skyrocket due to consumer consumption.
Changes Happening in 2021
Now that several vaccines have been developed to combat coronavirus, countries are beginning to adapt to a more “normal” business operation.
Employees are able to return to work. Some companies are still working on staggered schedules to prevent the spread and contagion of the virus. This certainly impacts the ability of companies to manufacture at their full capabilities.
But manufacturers are finding a way to continue. The demand for certain items, like mil spec wiring, is beginning to lessen. It is slowly shifting to those industries that were hit hardest during quarantine. This eases some of the pressure on certain manufacturers.
It will still take time for global manufacturing to get back to pre-pandemic levels.
The biggest point of concern for global manufacturers is to find a way to avoid a shutdown in the future.
Many companies have adapted well to coronavirus restrictions. But there are still plenty trying to find their footing. Developing strategies to ensure that global manufacturing does not grind to a halt is of the utmost importance.
Techniques such as:
- Staggered schedules
- Increased employee healthcare
- Better working conditions
are some ways to help ensure that businesses do not need to close their doors entirely.
Keep Up with Industry News
We have reviewed the changes to global manufacturing in 2020. We have taken a look at the forecast for 2021. And we have explored a few of the ways businesses are developing plans to avoid shut down in the future.
Now that you have a strong idea of where global manufacturers are going in 2021, take a look at our website for more content.
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