There has been plenty of criticism directed at Millennials from the Baby Boomers in terms of work ethic, attention span, narcissism, and hobbies. Conventional wisdom has suggested that, at least in the manufacturing realm, the Millennial generation isn't ready to take over for the mantel of exiting Baby Boomers. But, as Dr. Peter G. Martin, VP of Business Value Solutions at Schneider Electric argues, these supposed 'character flaws' in the younger generations may be exactly what the future of manufacturing will need. Read more below in this week's round-up.
A hot topic for this past year that will only strengthen in focus during 2015 is the Internet of Things (IoT). More devices are connected via the Internet enabling advancements in efficiency and manufacturing production. Cisco’s Internet Business Solution’s Group predicts that 25 billion devices will be connected by next year, only to double five years from now. That being said, what are the changes that we can expect? This infographic works toward finding an answer to that pressing question.
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The skilled-labor gap is a continuously discussed topic that prompted industry awareness tactics targeted at the younger generations. Millennials have been labeled as not fit to take over the responsibilities of the baby boomers as they leave the workforce. Peter G. Martin of Schneider Electric provides a different point of view on this transfer of manufacturing position. Upon conducting his own research into the difference between the two generations related to the industrial sector, Martin concludes that millennials are not the misfits that many believe them to be, but rather just what the industry needs to harness the evolving market. Read more…
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Data shows 30% of life science organizations believe that their company views quality as a single function rather than an organizational responsibility. If you are responsible for managing quality and compliance in this industry, however, you are definitely concerned about improving the culture. Deep down it is the people that drive the separation between companies. This article indicates seven ways that executives can help shape and foster a culture rooted in excellence. Learn more…
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Predictions for 2015
It’s that time of year again! With roughly a week left in 2014, our team has spent the past several days looking forward at what is in store as we ring in the New Year. Several of our research practices have put together the top focus areas for 2015 and what manufacturers will be challenged with in the coming months. Take a look at some of these evolving trends:
