Technology That Can Support More Locally Focused Production

Expert Panel® | Forbes Councils Member
Forbes Technology Council
COUNCIL POST | Membership

Moving the production and provision of goods and services closer to the communities they’re intended for can bring multiple benefits, including reduced environmental impact and enhanced job opportunities. Further, paying closer attention to the products communities want and need can enable suppliers to set up just-in-time, meticulously planned production runs and deliveries to ensure only the right goods in the right amounts at the right times reach a given destination, minimizing wasted resources and costs.

Whether the discussion is about producing goods and services—ranging from food to energy to financial services and everything in between—physically closer to where they’re ultimately used, giving producers access to everything they need to stay in their communities, or optimizing production and logistics to better serve customers, technology can help. 16 members of Forbes Technology Council detail technology tools and services that can support locally focused production and why this initiative is so important.

3. Digital Twins

Organizations agree that near-real-time delivery boosts customer satisfaction and profits, while excess inventory and non-billable resources do the opposite. Digital twin solutions enable real-time supply chain analysis, ensuring the right products are available without overages. By integrating systems like accounting, customer relationship management and enterprise resource planning, digital twins mirror sales processes and fix inefficiencies that cause shortages. – Jim Barrett, Edge Total Intelligence.

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