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How Small Manufacturers Can Use Cutting-Edge Tech

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As manufacturing goes through digital transformation, small to medium-sized manufacturers have just as much opportunity to reimagine their operations as large businesses. And to help these companies think through their options, the NAM and Stanley Black & Decker got together to host a Creators Wanted virtual session on making use of “Industry 4.0” technologies.

Who participated: NAM President and CEO Jay Timmons, Connecticut Gov. Ned Lamont and Stanley Black & Decker CEO Jim Loree spoke at the event. Other business leaders and government officials, including Connecticut Business & Industry Association President and CEO Chris DiPentima, also joined the session.

Inside Manufacturing 4.0: “All of us want to be a part of Manufacturing 4.0, a fourth Industrial Revolution in manufacturing, powered by digital and smart technology,” said Timmons. “There’s literally no business that can’t benefit from tapping into digital transformation. And today’s event is about demonstrating that keeping your business state of the art, on the cutting edge, is truly easier than you think.”

Why now? U.S. manufacturing is at a pivotal moment and will play a central part in the ongoing economic recovery. Adopting digital tools should be a part of the strategy, according to Loree.

  • “As every one of us strives to put the health challenges of the pandemic in the rearview mirror, we all have a responsibility to assist with the economic recovery that must follow,” he said. “Manufacturing must and will play a critical role, and we can supercharge it.”

Getting started: One key tool under discussion was the Smart Industry Readiness Index Assessment, a comprehensive technology evaluation and independent review that can help businesses modernize.

  • Bead Industries CEO Jill Mayer said at the event that what she needs as an executive is a snapshot of the current technology landscape and an understanding of her company’s future needs. That’s what a SIRI assessment can deliver.
  • The assessment, which takes roughly two days, can help identify technology gaps and inefficiencies, while also helping companies create structured plans for purchasing equipment. The reviews are conducted by certified assessors who understand manufacturing and can help businesses through this key transition.

A broader landscape: In addition to individual innovations and technology, Stanley Black & Decker Chief Technology Officer of Global Operations Sudhi Bangalore cited the importance of innovation and economic manufacturing ecosystems.

  • A strong innovation ecosystem can include government experts, upskilling programs, a thriving community of small and medium-sized enterprises and more, according to Bangalore.
  • Gov. Lamont added that Connecticut is home to one such ecosystem and cited manufacturing education as a crucial area where government and industry can work together to grow the economy.

Closing thoughts: “I would consider this next year an extraordinary opportunity as we change the way we do business in state government and what we do in manufacturing,” said Gov. Lamont.

To watch the whole session, click here.

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