Technology has always played a critical role in manufacturing— from hand production methods, then machines and identifying how new advancements like cloud computing, the internet of things, and mobility can affect and improve the industry. But it’s hard to argue the impact the COVID-19 pandemic has made on the industry. Global supply chains have been disrupted in new ways, known challenges like labor shortages have been propelled to new heights and manufacturing leaders have been forced to embrace a world of “pivots.”
We’re fortunate to have history and experience on our side at Milliken & Company. As a 155-year-old global organization, our Textile Division is wellversed in approaching global challenges head-on—whether it’s navigating wartime, the Great Depression, or other pandemics— and one conclusion is certain: when a crisis hits, you always have a choice.
At Milliken, our choice is to double down and invest for the future. Below are four key areas where I see the great opportunities for impact:
Applying Automation and Modernization to Solve Shortand Long-Term Challenges
With the recent labor shortages seen across industries, identifying opportunities to be more efficient and effective will continue to be a priority. One recent internal study conducted found that 70 percent of the tasks done in our plants around the world have the potential to be automated. While we’ve had our eye on opportunities for automation for years, we’ve recently begun targeted efforts to identify the right investments to make, including the establishment of a cross-functional Textile Division team that is aggressively tackling these workstreams. Automation can not only help improve performance and delivery to our customers but also improve safety in our facilities, which is a Milliken core value.
In addition to automation, it’s important to keep an eye on modernization projects. These current decisions might see challenges when assessing their financial payback, but being strategic about upgrading technology can help us improve business growth by producing more products with less labor, less scrap, and having better conversions with utilities and efficiencies.