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More than 1,000 stakeholders across 72 industries say outdated manufacturing standards and technologies constrain domestic production and delay time to market
San Francisco, CA – June 5, 2018 – Fictiv today released their third annual State of Hardware Report. This year’s survey polled 1,136 developers and manufacturers spanning 72 industries to provide detailed data-driven insights uncovering the most critical challenges and opportunities for more streamlined collaboration throughout the manufacturing process. Ultimately, the report found that the manufacturing industry must take significant strides towards more technology-driven standards to keep up with the pace of innovation product teams demand.
“The State of Hardware report is part of our commitment to make hardware development easier and more accessible and to ultimately unleash the next wave of innovation in engineering and design,” said Dave Evans, co-founder and CEO of Fictiv. “By unlocking new information and insights about product development and manufacturing trends, we can help engineers and designers deepen their understanding of their fields and accelerate the shift to a more modern tech-enabled global manufacturing process.”
Results from the survey suggest that while speed to market is a top priority for developers, there are a number of inefficiencies that constrain the process of moving from digital to physical quickly. Most urgently, hardware developers are increasingly relying on nearshoring for earlier stage projects because of short timelines. However, local manufacturing capacity remains limited and those that can support projects are constrained by a lack of technology to efficiently meet project deadlines. Despite challenges, 2017 gains in orders and production capped the strongest year for American factories since 2004, highlighting an opportunity to strengthen domestic supply chains for faster, more efficient product development cycles.
These local limitations are contributing to an overall delay in project turnarounds for broader manufacturing needs. Inefficient processes and technologies are forcing personnel to perform redundant roles and activities, extending manufacturing timelines unnecessarily. In fact, this year’s survey showed that 42% of manufacturers report 8 or more business days as typical turnaround time for low volume CNC machined prototypes. Much of this due to inefficient communications and management systems, and 75% of manufacturing personnel reporting that they perform 3 or more roles in their organization.
“Manufacturing continues to be an outdated process that is increasingly in need of the digitization that has already swept through industries like transportation, grocery and hospitality,” continued Evans. “Fictiv believes that machine learning and the introduction of software platforms and systems to centralize communications will shave days – even weeks – off production timelines.”
Key insights gathered from the survey include:
To learn more about Fictiv’s 2018 State of Hardware Report register for The State of Hardware: How Product Innovation is Demanding More from Traditional Manufacturing webinar, June 12, 2018, 12pm-1pm (PST), at www.fictiv.com/2018-state-of-hardware-webinar or visit www.fictiv.com/2018-state-of-hardware-report.
Fictiv is democratizing access to manufacturing, transforming how hardware teams design, develop and deliver physical products. Its virtual manufacturing platform pairs intelligent workflow and collaboration software with Fictiv’s global network of highly vetted manufacturers. From prototype to production, Fictiv helps hardware teams work efficiently and bring products to market faster. www.fictiv.com
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