| |JULY 20219A smart transition from B2B to B2C In recent years, companies have shifted their focus from B2B (business-to-business) to B2C (business-to-customer) model. It has numerous benefits, Increased profit scale, Brand con-trol, Improved customer data, price control, etc. Companies can easily get the full manufacturer's suggested retail price (MSRP) rather than wholesale prices for their products. B2C removes the risk of the manufacturer's brand being misrepre-sented by third parties. Manufacturers can rapidly prototype, push products to market, test, giving them a distinct competitive advantage. Furthermore, Manufacturers can get better customer data, selling directly to consumers enables them to collect custom-er data that ultimately results in increased sales, better prod-ucts and stronger relationships. More Focus on Sustainability Over the years, the manufacturing industry has witnessed an impressive leap. Gradually, it has made its way into the food industry as well, covering and affecting segments like packaging and production of food and bever-age items. In the 21st century, consumers are more willing to pay a premium for products that are in no way harmful to the environ-ment. As a consequence, industries have shift-ed their attention and priorities by chang-ing their practices to a more conscientious approach concerning where the ingredients come from, the kind of packaging they use, and what impact it will leave on the planet overall. Now there is a major transformation in the outlook of consumers and industrial-ists, they are ensuring that ingredients come from sustainable sources and packaging that does not harm the environment in any way.Use of AI & Machine learningArtificial Intelligence (AI) is one of the major emerging trends in the manufacturing industry, which generally refers to a computer system's ability to recognize trends and suggest logical conclusions that immensely help manufacturers make data-driven decisions. Now the companies have access to data more than ever before, and thus AI is leaving its major impact on the manufacturing industry by helping them improve many aspects of manufacturing operations such as Supply chain vis-ibility, inventory management, transportation cost reduction, warehousing cost reduction, asset tracking, etc.Collaborative Robots (Cobots) Introducing the concept of Collaborative Robots (Cobots) has helped manufacturers escalate their manufacturing efficiency and wisely address the concerns regarding possible negative impacts on the workforce. The whole concept of Collaborative Robots is to build robots for the human workforce and use them as a valuable tool that helps improve overall efficiency at the workplace.Impact of 3D Printing 3D printing is one of the major emerging trends in manufac-turing which has transformed the over-expensive as well as time-consuming process of tooling. Earlier, it used to take months for the manufacturers to create the jigs, molds and fixtures necessary for the mass production of heavy machinery or equipment. Now, the scenario has changed, all thanks to 3D print-ing which has given the manufacturing sec-tor a boom and made the months' process a matter of a few days. Innumerable milestones have been achieved with the technology being an in-tegral part of the manufacturing process. Advancement in technology has helped the industry in making improvements and per-forming better than ever. By focusing more on new technology, like the usage of block-chain, food manufacturing companies are taking advantage of it and increasing their efficiency, transparency, and last but not the least, a collaboration of every individual in-volved in the manufacturing and machinery sector. Summing upLooking ahead, the second wave will change the manufactur-ing landscape forever; it will further add critical and revolu-tionary steps in the emerging trends. Today's manufacturing industry and machinery sector are way beyond ordinary ma-chinery and labor, it is more intuitive and exceptional than ever. Industry 4.0 is shorthand for the upcoming and fourth industrial revolution.The forward-thinking strategies and many of the emerg-ing trends will make Industry 5.0 a successful mission. Now companies are looking forward to staying relevant, competi-tive and thriving in the marketplace. Keeping up with the new trends in the food manufacturing industry and machinery sec-tor will help companies to grow and flourish post-pandemic and in the future years as well. Companies can easily get the full manufacturer's suggested retail price (MSRP) rather than wholesale prices for their products. B2C removes the risk of the manufacturer's brand being misrepresented by third parties
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