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Manufacturing faces an even larger shortage of skilled workers as older employees retire over the next few years, the head of SME said in a speech today.

Efficient manufacturing calls for coordinated systems of shop personnel, equipment and software. These systems increasingly include robotic technology, as manufacturers recognize the reliability, repeatability and flexibility that robots provide. According to the International Federation of Robotics, the number of industrial robots in use worldwide will increase to around 2.6 million by 2019, about one million more than in 2015. Approximately 70% of industrial robots are used in the automotive, electrical/electronics and metal and machinery industries.

Shops looking for ways to improve productivity in traditional subtractive machining processes need look no further than ways to reduce setup time, improve spindle uptime, and implement CNC programming efficiencies. Shop managers overwhelmed by claims about the future of digitalization and Industry 4.0 can find ways to translate that exciting promise into their day-to-day operations—today.

If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.

On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.

Road to maturity involves safeguarding supply chains, treating security with the same urgency as safety, for starters.

Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.

Aging assets have long been the culprits behind common supply chain disruptions like unexpected downtime and production delays. They can have a direct impact on revenues and service levels, and the older they get, the more costly the risks they pose are.

The requirements for FDA 21 CFR Part 11 are in place for a good reason: When companies are making a part that goes inside your body, the engineering and manufacturing process must be meticulously documented, tested and controlled. People’s lives are at stake.

Energy markets across the world are changing rapidly with the increase of renewables and the change to a more distributed energy network. Energy storage is key. The capabilities of large-scale batteries have expanded, allowing users to capture more value and create a powerful tool to manage energy needs.