These days, manufacturers are trying to do more with less, operate more efficiently, and make informed purchasing and management decisions. But in order to do that, the management team must know what’s happening throughout the factory at all times—and why.  

Good news! According to several recent studies, it appears the manufacturing industry is rebounding from the depths of 2020. Although COVID-19 is far from over—and for most manufacturers, revenues have yet to return to pre-pandemic levels—earnings are up, confidence is up, and spending is up overall. 

As they do every year at this time, manufacturers are engaged in strategic planning for the new year. But, aside from the timing, it’s hardly business as usual. 2020 was a year unlike any other, and many go-to strategies no longer apply. As a result, industry leaders are carefully planning how to best navigate the changing business landscape to ensure a successful 2021.