by Fronetics | Apr 18, 2019 | Blog, Current Events, Manufacturing & Distribution, Robotics & Automation, Supply Chain
A McKinsey & Company report studied the impact of automation in manufacturing driven by rapid advances in robotics, AI, and machine learning.
Highlights:
- New robotics technologies are cheaper, faster, and smarter than before.
- 87% of hours workers spend in production could be automated with existing technologies.
- Learn what four factors to consider when making decisions about automation.
Since the industrial revolution, automation has been a major disruptor in manufacturing. Once again, a new generation of robotics and related technologies is reshaping the face of the manufacturing and distribution industries. In fact, American manufacturing has made a recent comeback, thanks in large part to the widespread use of automation and robotics.
Automation technologies that were once cost-prohibitive are now more achievable — and the return on investment is greater than ever before. The new generation of robots are not only far less expensive than their ancestors, but they are also more versatile, flexible, and able to learn new tasks, even those that were far too difficult for machines just a few short years ago.
[bctt tweet=”The new generation of robots are not only far less expensive than their ancestors, but they are also more versatile, flexible, and able to learn new tasks, even those that were far too difficult for machines just a few short years ago.” username=”Fronetics”]
Robots are now capable of, for example, “picking and packing irregularly spaced objects, and resolving wiring conflicts in large-scale projects in, for example, the aerospace industry,” according to a recent report from McKinsey & Company. Not only that, artificial intelligence is leveling the playing field between human and machine, and “increasing the potential for automating work activities in many industries. In one recent test, for example, computers were able to read lips far more accurately than professionals.”
Quantifying the impact of automation on manufacturing
McKinsey’s study, which covered 46 countries and about 80% of the global workforce, determined that a tremendous amount of working hours could be eliminated or repurposed by automation with technology that is already here.
The study found that “87% of the hours spent on activities performed by workers in production occupations are automatable — the most of any manufacturing occupation.”
And it doesn’t stop there. “Even among other occupations in manufacturing (for example, engineering, maintenance, materials movement, management, and administration), however, there is still significant opportunity, with approximately 45 percent of these working hours automatable as well.”
The cost and logistics of automating
In general, the study found that automation allowed wages to increase globally and profits to grow. The authors emphasize the fact that in order to capture long-term value from automation, manufacturers’ best bet is to implement technologies in phases, capturing value at each phase, allowing for future investment.
Many complex factors come into play when it comes to meeting the challenges associated with automation, deciding what to automate, and when to implement technologies to best capture long-term value. Cost is just one element, albeit an important one.
McKinsey suggests considering the following four factors when making decisions about what to automate:
- Technical feasibility
- Cost associated with developing and deploying necessary hardware and software
- Cost of labor and resultant “supply-and-demand dynamics”
- Benefits beyond labor substitution, such as increased output and quality, and fewer errors
An American manufacturing renaissance
The Association for Advancing Automation has predicted that “American manufacturing’s embrace of robotics will ensure a new manufacturing renaissance in this country.” Already, we’re seeing a steady trickle of companies reversing outsourcing trends, as it’s becoming profitable again for manufacturing to take place in the United States, rather than relying on cheap labor abroad.
As more operations embrace automation — and as we continue to witness rapid advances in robotics, AI, and machine learning — American manufacturers won’t be the only ones to reap the benefits. Many experts are predicting that automation in manufacturing will create new, better paying jobs.
Optimists include our own CEO Frank Cavallaro, who recently wrote: “From what I see now … I still feel optimistic that AI and automation will create leaner, more efficient operations that will, in turn, create new (even if different) jobs. To me, it still looks like the ones winning from the increasing technological advances in the manufacturing industry are, in fact, we humans.”
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by Fronetics | Apr 11, 2019 | Blog, Content Marketing, Current Events, Logistics, Marketing, Social Media, Supply Chain
Content marketing is no longer optional. It’s essential in creating brand awareness, educating audiences, and building credibility. Here’s a look at the biggest digital marketing trends for 2019.
Highlights:
- The content marketing industry is expected to be worth more than $400 billion by 2021.
- Video is currently the most popular form of content being consumed online today.
- Peers and colleagues are the third most influential source of information for B2B purchasing, right behind online searches and your website.
A recent article by Forbes on content marketing notes: “As recently as a few years ago, marketers handled content mostly as a side project. It was more of a bonus than an essential role — something you did when you had time because it took a backseat to more traditional marketing projects and responsibilities. That’s changed.”
Boy, has that changed. The content marketing industry is expected to be worth more than $400 billion by 2021.
[bctt tweet=”The content marketing industry is expected to be worth more than $400 billion by 2021.” username=”Fronetics”]
The 2018 report from the Content Marketing Institute shows just how prevalent digital and content marketing is, and how essential it has become to creating brand awareness, educating your audience, and building credibility and trust with your customers.
Supply chain & logistics marketers: Trends to watch
So, where is content marketing headed in 2019? Marketing budgets are still on the rise, and supply chain and logistics companies are increasingly seeing the value in moving to an inbound marketing strategy driven by original content.
These are the six notable trends to consider when planning your 2019 content marketing strategy.
1. Video
Video is currently the most popular form of content being consumed online today, and video marketing will continue to have substantial value in 2019.
Smart supply chain marketers should start the new year by developing a visual storytelling strategy that offers consistent delivery of valuable content.
What’s your best bet? Be helpful and teach your audience something worthwhile to them.
2. Chatbots
The rise of chatbots – automated computer programs that simulate human conversation in messaging apps – is expected to continue in 2019. Business Insider recently reported that the number of people on messaging apps surpassed the number of users on social networks!
Chatbots are just one of the ways artificial intelligence will shape the content marketing landscape in 2019, but their ability to drastically increase customer engagement puts them on the short list for a major trend to watch in the coming year.
3. Voice search
Voice search is becoming an increasingly prevalent means of attaining information. Statistics vary, but it’s expected that anywhere between 30-50% of all searches will be voice searches by 2020. A recent report by NPR and Edison Research found that the rise of smart speakers is substantially changing consumer routines and purchasing behavior.
A good content marketing strategy for 2019 should consider how your customers might use voice search in your industry, and what you can do to maximize your content’s ability to respond.
4. Long-form content
I love this one, because it harkens back to humble beginnings of content marketing and the desire to put informative, quality content in front of a targeted interested audience.
Long form content – white papers, case studies, and lengthier blog posts e.g. – will have a resurgence of renewed appreciation in 2019. Why? Because many industries, including supply chain and logistics industries, are saturated with tons of mediocre short form content. People are increasingly looking to weed through it all for substantial quality posts from trusted sources. In addition, search engines will favor longer posts in results rankings.
Cheers to 2019 being the year of quality over quantity!
5. Brand ambassadors
We wrote about brand ambassadors as we headed into 2018, but they are worth mentioning again as we look forward to 2019. Brand ambassadors are employees that influence the B2B buying decisions of others, and they are an often-overlooked resource with more traditional marketing tactics.
Peers and colleagues are the third most influential source of information for business to business (B2B) purchasing, right behind online searches and your website! And there’s nothing more credible than a friend who speaks highly of their company’s product or service.
Definitely consider how you can help make brand ambassadors out of your employees in 2019.
6. Market Influencers
The final trend to watch in 2019 is influencer marketing, a form of marketing which focuses on influential people rather than the market as a whole.
Basically, marketers identify individuals who might have influence over potential buyers and create marketing campaigns and activities around these influencers. In many ways, this works similarly to a brand ambassador, where a single person influences their network of friends; in this case, however, the market influencer has a large network and a lot of “friends” who listen.
Influencer marketing will be a huge trend in marketing for 2019, and it would be worth considering who might be an influencer in your industry in the coming year and what your company might do reach them.
So, there you have it. As we head into 2019, these are the trends to watch and plan for in content marketing space.
The B2B buying climate is growing longer and more complex, and content marketing is so effective throughout the entire sales cycle if it’s done well. The end of the year is a great time to revisit your marketing strategy and make any necessary changes for the coming year.
This post originally appeared on EBN Online.
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by Fronetics | Apr 10, 2019 | Blog, Logistics, Marketing, Social Media, Supply Chain
We want to hear from you!
The supply chain and logistics industries may have taken longer to jump into the social media game, but those companies that are leveraging these platforms are seeing positive effects on their business.
An industry survey conducted by Fronetics found that while 100% of respondents have used social media for five years or less (36% for one year or less), more than two-thirds (68%) have already realized results. That begs the questions: which networks are they on? What’s working? What’s not?
Fronetics is, once again, conducting a survey on social media use within the supply chain and logistics industries to help answer these questions – and to determine if changes have taken place since the previous survey. That’s where you come in: we need your help to get the latest information on how companies like yours are using social networking for business purposes.
If your company is part of the logistics or supply chain industries, you are invited to take the survey. It should take less than 5 minutes of your time. Responses will be reported in aggregate, and no identifiable information (individual or company) will be shared with anyone.
Responses are due May 31, so act now so your voice is heard. Provide your email address, and we’ll share the results so you can see how your company compares to the industry at large.
Please contact [email protected] with questions.
by Fronetics | Apr 3, 2019 | Blog, Content Marketing, Manufacturing & Distribution, Marketing, Supply Chain
Here’s why manufacturing marketers should skip the sales pitch and create content that prioritizes the needs of their target audience.
Highlights:
- Research indicates that only about half of manufacturing marketers are prioritizing their audience’s needs when creating content.
- Inbound marketing (like content marketing) is more effective than outbound marketing for B2B businesses.
- A documented strategy will help you get started creating focused, quality content.
One statistic is sticking out to me in the Content Marketing Institute’s Manufacturing Content Marketing 2019: Benchmarks, Budgets, and Trends report. According to the research, half (51%) of manufacturing marketers reported that they always or frequently prioritize their sales/promotional message over their audience’s informational needs when creating content for content marketing purposes.
Let’s think about that for a second.
A preponderance of manufacturing content marketers are, unfortunately, missing the point.
We’ve written before about why inbound marketing, like content marketing, is more effective for the supply chain than more traditional outbound marketing techniques. And while it’s true that “the supply chain is increasingly seeing the value of moving to an inbound marketing strategy,” the CMI’s research suggests that it’s taking some marketers a long time.
Why you should be putting your audience’s informational needs first
Why should you be emphasizing your audience’s informational needs over your promotional goals when creating content?
[bctt tweet=”One of the basic premises of content marketing is the recognition that, increasingly, your customers want much more from you than your product.” username=”Fronetics”]
The short answer is: because your audience prefers it. One of the basic premises of content marketing is the recognition that, increasingly, your customers want much more from you than your product. For manufacturing marketers, this means that customers want value separate from and outside of the sales funnel.
Enter content marketing. Creating effective marketing content relies on accepting that your business has much more to offer than its primary products and services. In fact, your most valuable commodity, as we’ve often said before, isn’t any material or service — it’s the knowledge, expertise, and informed, unique perspectives you have to offer.
Strategize to put customers first
To successfully adjust your content marketing efforts to put your customers’ informational needs first, the first step is having a well-defined, measurable strategy — and documenting it. This means defining precisely who you’re trying to reach and developing a complete target buyer persona(s).
Once you’ve defined exactly who you’re trying to reach, it’s time to identify the unique questions, needs, and challenges this target buyer faces. Chances are, your business has not only the products to meet those needs, but also the information to answer question and offer valuable insights.
One of the benefits of a documented strategy, with clearly stated objectives, is that it allows you to set up metrics and evaluate your successes and shortfalls. This is where you can start listening to your target buyers. You can even solicit responses from them via email and social media that will allow you to target and hone your efforts in the future.
Meeting manufacturing marketers’ challenges
The CMI’s research reinforces the fact that manufacturing marketers face unique challenges. The top reported challenge was “creating content that appeals to multi-level roles within the target audience.”
According to Achinta Mitra, founder of Tiecas, an industrial marketing consultancy, “Buying decisions are made by a committee and very rarely, if ever, by an individual. Some of these stakeholders may never interact with your content or visit your site.”
Essentially, there are various types of buyers with various needs — meaning their content needs are different. Mitra advises bringing “subject matter experts to the forefront, and letting marketing do the heavy lifting in the background.” He bases his advice on the belief that “one engineer to another is a powerful concept for earning trust, gaining credibility, and winning the mindshare of engineers and industrial professionals.”
If you’re thinking beyond downloads when creating content, and truly prioritizing quality information, your content will function broadly throughout the complex manufacturing buyer’s journey.
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by Fronetics | Apr 2, 2019 | Blog, Content Marketing, Logistics, Marketing, Supply Chain
Follow these supply chain and logistics blogs to keep up with the latest industry news and happenings.
Highlights:
- These industry blogs are rich with the latest news, insights, and trends.
- Blogs cover a variety of topics, including research and strategy, and feature insights from some of the top thought leaders in the industry.
One of the best ways to keep pace with the latest happenings in the supply chain industry is to follow the right blogs. There’s some great information available out there, and we’ve put together this list of our 10 favorite sources.
These blogs are rich with industry news, insights, and trends. They cover a variety of topics, including research and strategy, and feature insights from some of the top thought leaders in the industry.
10 must-follow supply chain and logistics blogs (in no particular order)
1) Supply Chain 24/7
The Supply Chain 24/7 blog is a top business resource for Transportation, Distribution, Logistics and Supply Chain professionals. Read this blog.
2) Women In Trucking
These two blogs focus on various issues facing women in the trucking industry. WIT President Ellen Voie writes about topics in employment, achievement, and driving change in the industry. The Women In Trucking blog features posts by truckers, mostly industry veteran Sandy Long, about everyday concerns and experiences facing female drivers and their families. Read this blog.
3) Hollingsworth
Using best-in-class warehouse management technology, Hollingsworth offers complete, real-time visibility of the supply chain. The blog focuses on topics ranging from complex order fulfillment strategies to best practices for optimizing supply chain management. Industry tips, new technologies, and the latest strategies are just some of the topics covered in the posts. Read this blog.
4) Supply Chain Brain
This portal for supply chain executives features original and aggregated content touching on multiple industries. Read this blog.
5) Supply Chain Shaman
Lora Cecere’s blog focuses on “the use of enterprise applications to drive supply chain excellence.” Read this blog.
6) Supply Chain Matters
The blog of Bob Ferrari offers his expertise on all aspects of supply chain business processes and supporting information technology. Read this blog.
7) Supply Chain Management Review
This vast website includes trending articles on supply chain and logistics strategies developments, many written by university-level professors. Read this blog.
8) Supply Chain Digital
Supply Chain Digital is a forward-thinking digital community aimed at providing procurement & supply chain professionals with industry-leading news, analysis, features, and reports about the world’s biggest supply chains. Read this blog.
9) Logistics Viewpoint
This blog features think pieces from three leading supply chain and logistics analysts with the mission to provide clear and concise analyses of logistics trends, technologies, and services. Read this blog.
10) EBN Online
This blog features top industry leaders publishing on topics including electronics manufacturing, global supply chain, and management logistics. Read this blog. (P.S. Read our CEO Frank Cavallaro’s blog here.)
What supply chain and logistics blogs are you following lately?
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by Fronetics | Mar 28, 2019 | Blog, Content Marketing, Current Events, Logistics, Marketing, Social Media, Supply Chain
Also, this month in social media news: Twitter launches new camera tools to increase visual focus; and Pinterest introduces Catalogs and expands shopping ads.
This month on social media news, we’re seeing a few trends continuing. Platforms are increasingly offering robust analytics tools to content creators in an effort to boost engagement. This time, it’s Twitter rolling out a new tool that gives video publishers insights on optimal post timings. Twitter is also jumping on the “Stories” bandwagon, with its own answer to the trend: a camera feature that allows users to create images similar to Instagram and Facebook Stories.
Also this month, we’re seeing good news for brands when it comes to advertising on social media. Facebook is introducing a feature for premium video advertising, while Pinterest is rolling out multiple tools to help brands sell directly from the platform. Read on for a round-up of social media news.
Social media news for March 2019
Twitter Debuts a New Analytics Tool for Video Publishers
In an effort to provide video publishers with increased data to aid in performance improvement on Twitter, the platform has released the first in a new series of publisher insights tools: Timing is Everything. According to Twitter, the tool “displays historical data showing when audiences are on Twitter watching and engaging with video. This data highlights the best time(s) to Tweet video content with an aim to maximize engagement, conversation, and viewership.”
This is big news for video publishers, including content marketers. Twitter is offering key insights on one of the most important factors in determining social media marketing success: timing. Of course, increased engagement is in the platform’s best interest — and it’s in yours as well. Stay tuned for the release of more insight tools from Twitter in the coming weeks and months.
Facebook Announces Facebook Showcase for Premium Video Advertising
Facebook has debuted Facebook Showcase, a new premium video ad program that gives online video and TV ad buyers participating in the upfront selling cycle new opportunities to reach their target audiences on the platform. Showcase is currently available for campaigns targeting U.S. audiences and includes In-Stream Reserve, In-Stream Reserve Categories, and Sponsorships.
Facebook’s announcement is another big one for advertisers. Showcase will help advertisers connect with people through premium content and unique video experiences and can help reach younger-skewing audiences that are increasingly difficult to reach on TV.
Twitter Launches New Camera Tools to Increase Visual Focus
While platforms like Facebook and Instagram are increasingly ushering users towards their respective Stories features, Twitter is introducing a camera tool which will let users capture Stories-like images, including overlays and a searchable element. In addition to bringing the platform on board with the Stories trend, it ushers in more visual content options.
[bctt tweet=”Twitter is introducing a camera tool which will let users capture Stories-like images, including overlays and a searchable element.” username=”Fronetics”]
Swiping left on your Twitter timeline from your mobile device will take you to the new camera. There you can capture an image or video, or even go Live straight from Twitter, rather than having to be routed through Periscope. Next, users have the option to add details to the image, including hashtags suggested based on location. Stickers and filters aren’t here yet, but no doubt they’ll be coming soon.
Pinterest Introduces Catalogs and Expands Shopping Ads
Pinterest has rolled out a series of new tools and products to help brands sell their products directly on the platform. The company has debuted Catalogs, which allows brands to upload their full product portfolios to Pinterest and easily turn each item into dynamic, shoppable product pins. In addition, Pinterest has introduced personalized shopping recommendations for style, home, beauty, and DIY boards.
The platform’s rollouts are good news for brands and speaks to the company’s pro-business corporate mindset: “People come to Pinterest in a shopping mindset open to discovering products, which creates a great connection between Pinners and businesses. Pinners are looking for inspiration, and brands help make that inspiration a reality.”
What other social media news has your attention this month?
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