Browsing: Industry Spotlight
We thought it might be fun to, from time-to-time, revisit some old pieces of content that have lived in the pages of the Gateway Magazine at some point in the last 20+ years of the periodical’s existence. This will also serve as a welcome departure from all the pandemic prose we seem to have been typing up for the past six-months… With that departure in mind and in the spirit of taking “a look back,” let’s move forward (as best we can)! In many ways, the industry has changed greatly, while, in others, it’s “business as usual” where we’re simply looking to continue the grind and get ourselves from point A to point B in a job cycle.
Reuters recently (on September 15th) announced reports on the manufacturing industry that showcased four consecutive months of growth following a stagnant, pandemic fueled period that marred the overall market for basically the first half of 2020. So, again, good news is we’ve seen more growth with data showing that manufacturing production rose 1% in August, which was preceded by 3.9% of growth in July. Numbers are obviously still way down across the board, but we’ve seen some recovery.
Piggybacking off of last month’s industry insight feature about strengthening our supply chains and tightening the reins on how far we’re spreading the cumulative links of that chain (you, know, trying to keep it “local,” and/or domestic vs. offshoring our manufacturing operations – we thought it might be an interesting conversation to talk about the foothold 5G networking is having within the industrial sector.
Supply chain.
It’s a multi-faceted topic, and, as you’re long flipped the pages of the Gateway Magazine, you’re aware that we’ve long been proponents of keeping manufacturing tasks “inhouse,” or, as it stands, “in-network,” and that network, as it were, is of much benefit if it remains in and around our direct “neck of the woods.” This couldn’t be more important right now. As the months have pressed on since the pandemic took hold back in March, supply chains have broken down, and industries far and wide have experienced tremendous cause(s) for alarm.
It’s easy to see why. A multitude of networked machines makes for more potential vulnerabilities that hackers can exploit. An industry that prides itself on efficiency and avoiding downtime means manufacturers who fall prey to cyber attacks have extra motivation to pay ransoms and get systems back online quickly. Fiercely guarded intellectual property and classified information fetches a premium on the black market.