Take a walk through the MHI Industry Report 2016

Posted on 25th January 2017

Are you updated about the latest trends and discoveries that took place in 2016 in Supply Chain Industry?

It’s ok if your answer is in dissent.

I will take you through all the details of MHI Industry Report 2016, which has some incredible findings regarding this industry.

About the Report

The 2016 MHI Annual Industry Report, developed in collaboration with Deloitte, reflects the views of nearly 900 Industry Insiders – almost double that of last year’s survey.

Respondents include manufacturers, distributors, service providers etc. – more than 50% of them with Senior Executive, General Manager, or Department Head titles.

2016 MHI Report

The report introduces the concept of “always-on supply chain” :
An integrated set of supply networks characterized by a continuous, high-velocity flow of information and analytics, creating predictive, actionable decisions that better serve the customer.

This report talks about 8 technologies out of which 2 technologies (Robotics and Automation, Driverless Vehicles and Drones) have already had a bigger and more rapid impact on supply chains than previously predicted.

Report Highlights

  1. With a 12% growth spike since last year, Robotics and Automation both led in their perceived ability to create either supply chain disruption or competitive advantage.
  2.  74% will be the adoption rate of Robotics and Automation in 6 years as compared to 35% today.

Respondents believe that the major barrier to investment in supply chain innovation is the lack of a clear business case (43%), followed by a lack of adequate talent to utilize technologies effectively (38%), and thirdly, cultural aversion to risk (35%).

51% of survey respondents believe that Robotics and Automation have the potential to either create competitive advantage or be a disruptive force in their industry. While adoption is currently 35%, that number is expected to rise to 74% over the next six to 10 years.

According to the report, Innovations in robotics and the laws that govern its use, are now allowing machines to work side-by-side with human workers.
A new generation of these Collaborative Robots is putting this technology in the hands of human workers, who train them through physical demonstration.

Topics:   Automated Guided Vehicles.