Many large industrial OEM’s and ODM’s are moving from an engineering-to-order approach to a configure-to-order model. Instead of designing and creating all machines from scratch with every incoming order, these companies are assembling a catalogue full of standardized and extensively tested modules and building blocks. That way, they can pick and choose from their own library of readily available options, and deliver their solutions much faster to their customers. Moreover, they can reuse much of their design and engineering efforts, making their whole business process run smoother, safer and more efficient.
Stating that the Covid pandemic has had a gigantic impact on the world, is still an understatement. The crisis has affected many aspects of our lives. On a professional level, working from home became standard, supply chains got seriously disrupted, resulting in material shortages and production stops, virtually all exhibitions and conferences were canceled, and many companies reevaluated their business strategies.
When Mark Zuckerberg changed his company name from Facebook to Meta, and talked at length about his vision of the Metaverse, some of you may have been new to the concept. But actually, the term (a portmanteau of ‘meta’ and ‘universe’) has been around for thirty-odd years. It was coined by Neal Stephenson in his 1992 science fiction novel ‘Snow crash’, in which humans interact with each other as avatars in a 3D virtual space.