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Supply Chain Risk

Manufacturing the ARt of optimisation

Augmented Reality (AR) has a mixed reputation. The technology is often hyped, but according to recent research from CCS Insight, sales of Virtual Reality (VR) and AR devices will grow almost six-fold to reach 60 million units in 2023. Yet the rising popularity in AR technologies extends beyond consumer sales. The business case for AR is stronger than one might think. By “democratising AR” and using it as a solution for all people in the workplace, companies can minimise risk and maximise return on investment (RoI). AR is therefore emerging as an accessible solution for manufacturers, enabling them to stay ahead of the competition by taking business efficiency to the next level. 

The race to keep pace 

In today’s globalised economy the manufacturing sector, like many others, is in fierce competition. So much so that the aerospace sector alone is in demand to create 37,400 new aircraft in the next 20 years. In order to become a leading manufacturer and optimise RoI, companies are on a mission to push for smaller prices per part, shorter lead times and more stringent quality control. This can be easier said than done. With research from Deloitte reporting that unplanned downtime costs industrial manufacturers in excess of $50 billion every year, it is clear that managing machine failure remains a top concern for manufacturers — who risk high costs and loss of production as a result of downtime. To manage machine failure, manufacturers are investing in new technologies to help increase efficiency across the entire supply chain. This is why AR is emerging as a critical solution. 

The ARt of optimisation 

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