Manufacturers are struggling to meet product demand without digitisation
According to a new survey released by Winshuttle, manufacturers are currently feeling the strain of increasing production due to high demand.
The survey – which assessed more than 100 global manufacturers using SAP ERP systems – notes that 75% of manufacturers claim to be under increased pressure to reduce production time of new products.
28% of the manufacturers assessed want to cut New Product Introduction (NPI) cycles by more than a quarter.
KPMG, the professional services company, recently stated that to grow and remain competitive, manufacturers must release new products at a faster pace and on a larger scale.
90% of manufacturers are worried about consumer loyalty, KPMG suggests, and 78% are concerned about the relevancy of their products in the coming years.
Approximately 75% of manufacturers, however, do intend to release more new products than ever in the next four years.
“Clearly the pressure is on for manufacturers to move faster and beat their competitors to market with new products,” stated Heather Oebel, NPI Solutions Manager at Winshuttle.
“Our data shows that the most impactful improvement for respondents would be the automation of data collection and entry into their ERP systems.”
“Respondents are also keen to see increased visibility into the status of new launches and improve the quality of their data.”
“By implementing digitised solutions that accelerate the data collection process, organisations can gain the speed and agility needed to remain competitive in today’s fast-evolving marketplace.”
Please find Winshuttle's survey here.
Canoo Awards Manufacturing Contract to VDL Nedcar
Canoo, a trailblazing company in the electric vehicle (EVs) manufacturing industry, has officially announced owned and contract manufacturing plans that will ensure the company manages to deliver on its promise to consumers of production and delivery of vehicles in Q4, 2022.
During the company’s first Investor Relations Day, Chairman & CEO of Canoo, Tony Aquila, named VDL Nedcar as its contract manufacturing partner. VDL Nedcar, which I’m sure many of you will already have heard of, is the only independent Vehicle Contract Manufacturer in the Netherlands and has enjoyed fifty years of growth under owners, including Mitsubishi Motors and Volvo cars. According to the report, Nedcar will manufacture the Lifestyle Vehicle for the United States and European Union markets, while Canoo builds a US-based mega micro-factory.
"We conducted an exhaustive search, invested significant amounts of time and resources that span the globe, in our search for our Phase 1 contract manufacturer. VDL Nedcar is the right partner," said Tony Aquila, Investor, Chairman and CEO of Canoo, Inc. "They are the top trusted European manufacturer building high-quality products for leading OEMs, and they significantly outcompeted the other contenders. VDL is also independently owned by the van der Leegte family of entrepreneurs - which aligns with our commitment to support businesses that form the backbone of communities. This strategic partnership will enable us to deliver vehicles to market while we build our Phase 2 factory in Oklahoma. It also strongly positions us for geographic expansion in Europe and builds a lasting relationship with VDL Groep of companies. Our investment will help us scale quickly and fulfil our mission to bring affordable, purpose-built EVs to Everyone."
Canoo and VDL have already gotten to work on vehicle manufacturability and production planning so that Canoo can successfully lay the groundwork for its upcoming US manufacturing operations expansion, which will be completed in Oklahoma in 2022. The Nedcar facility currently expected to produce around 1000 units for both the US and European markets in 2022, with an additional 15000 targeted for the following year.
"Canoo's bold approach to designing and building electric vehicles makes them an ideal partner as we work together to shape the future of mobility," said John van Soerland, CEO of VDL Nedcar. "This partnership advances our strategic vision to provide a contract manufacturing solution and expand our expertise in the EV arena."
Currently, Canoo is entering its GAMMA phase of development and is on track to start production soon. The company intends and expects to launch its Lifestyle Vehicle in Q4 2022, closely followed by the Multi-Purpose Delivery Vehicle and Pickup Truck.
Watch this space.