![]() ![]() E-commerce providers have been under ever-increasing pressure to match Amazon’s speed and efficiency, and there is no evidence consumer expectations are easing.” This trend has been a major factor in the rising demand for smart factory technology, as outdated systems prove unequal to meeting the scale of logistics and warehousing capacity that is needed to keep pace with this phenomenon. economy and the global economy are in the throes of the Amazon Effect. According to Entrepreneur magazine in 2019, “For better or worse, the U.S. Known as the Amazon Effect, consumer demand for next-day delivery has been rising at a steady and rapid pace. Traditional supply chains and manufacturing ecosystems are failing and we need to shift to a more adaptable, agile solution that is fully digitally enabled.”Ĭonsumer expectations are also contributing to the development of smart factory technologies and the factory of the future. An article in Forbes magazine reiterated this, stating “COVID-19 has shown the world something that the manufacturing industry should already know. The pandemic further exposed global supply chain weaknesses and industry vulnerabilities. In the past few years, it’s become increasingly apparent to business leaders that digital transformation is an urgent priority for supply chains and manufacturing operations that hope to be competitive and resilient in the 2020s. ![]()
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