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Supply Chain
The Fourth Industrial Revolution—Industry 4.0—calls into question the very definition of manufacturing, blurring the lines between tangible and intangible, digital and physical, product and service. At its core, Industry 4.0 redefines how manufacturers derive and deliver value. According to BDO’s 2019 Middle Market Industry 4.0 Benchmarking Survey, 99 percent of middle market manufacturing executives today are at least moderately familiar with Industry 4.0.
Find out how your company can take a more strategic approach to managing your supply chain in the MEP National Network's supply chain guide – How Small Manufacturers Can Develop Risk Management Strategies for their Supply Chains.
The New York State MEP plays a vital role in the state helping fuel growth for both established companies and startups. The 10 regional MEP Centers and the statewide MEP Center provide services including training on manufacturing principles, aiding in cybersecurity certification, obtaining funds/grants for business investment, helping connect manufacturers to suppliers and customers – all to help drive success for New York’s manufacturers and technology companies.
The COVID-19 pandemic has underscored manufacturing’s role in providing products that are critical to health, safety, national security, and the continuity of multiple industries. It has also revealed the extent to which global supply chains are exposed to shocks and disruptions. All of this has occurred at a moment when new technologies, process innovations, and demand growth are reshaping the sector worldwide.
The COVID-19 pandemic has had overwhelming impacts on our economy, not to mention the impact on lives and personal wellness. The critical lack of medical equipment to treat and protect those affected highlights the over-reliance of United States manufacturing sector on overseas production. The offshoring issue extends beyond current pandemic concerns, however, reaching far larger and more permanent concerns over industrial supply chains, worker training and even national security.