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To Reflect Maturity of IoT Marketplace, places new focus on technology innovation that fosters business transformation

The COVID-19 crisis caught all of us off guard and interrupted global systems in a way not experienced in recent memory.

The arrival of COVID-19 onto the global manufacturing landscape has changed operations in a number of important ways.

Imagine hearing the news that manufacturers are producing a proven and safe vaccine for COVID-19 and shipping it your way. It will be music to the world’s ears.

East Iowa Machine Co. (EIMCo) in Farley, Iowa, is a full-service machine and fabrication shop. It is an ISO 9001:2015 certified manufacturing company, employing about 150 people on three shifts at its single 130,000 ft2 (12,077 m3) location, and converts raw metals into finished component parts and assemblies using a wide variety of CNC equipment and state-of-the-art manufacturing processes.

One of the biggest challenges that any shop faces in 2020 is finding skilled workers to backfill those baby boomers who are retiring, or simply finding staff to meet the demand of a healthy manufacturing economy.

The COVID-19 black swan event disrupted the global economy and forced companies to rapidly rethink their processes, operations and supply networks.

Smart manufacturing is now being rapidly adopted by a much wider range of business sectors.

Industry 4.0 is often presented as a complex, somewhat overwhelming topic that involves large companies only. However, the data collection and transfer at the heart of Industry 4.0 can be as relevant to job shops and other small to medium sized enterprises as large companies.

With the passage of the fiscal year 2021 Consolidated Appropriations Act at the end of 2020, MxD, the national digital manufacturing institute, secured $8.5 million in funding from the U.S. Department of Defense for 5G for manufacturing and cybersecurity for arsenal supply chains.