The new year is a great time to reflect on your business, refocus on your goals and evaluate your approach. How will you do things differently in 2020? What can you do to set yourself up for success? What are the manufacturing new year resolutions you will make to support that?
Two years ago, the one resolution we recommended was this: If you want to compete, you can’t afford to stand still. There’s no doubt this is true today – and will continue to ring true in a highly competitive market.
With the possibilities of the new year ahead, we asked some industry experts what they think should be at the top of the checklist for 2020 manufacturing new year resolutions.
Here is what they said:
Use feedback from employees to improve your business.
The one resolution manufacturers should make is this: “I am no longer going to take the thoughts, views, feedback from my operational employees for granted. This is a rich pool of information that will help me make better decisions about how to run my business today, and the challenges we face to attract and retain the best possible talent tomorrow.” – James Magee, CEO of Operations Feedback Systems (OFS)
Here’s another excellent new year’s resolution for Australian manufacturers: no matter your size, invest in the right technology.
Be more than a supplier.
“Become a trade partner, not just a supplier of products, to your various distribution channels and networks. Play to your strengths but ensure not all your eggs are in one basket.” – Andrew Steele, Account Director, GS1 Australia
“There’s no doubt that every one of us needs to become more educated in the field we’re in – especially because things are changing so rapidly. Spend time and money ensuring your staff are educated and qualified to do their role, no matter how long they’ve been with the company. This is especially true for the packaging field, which has science and technologies all of its own.” – Prof. Pierre Pienaar, President of World Packaging Organisation (WPO) and Owner and Director, PackTech Solutions
Does your business have the right manufacturing workforce skills for the future?
“Purposefully innovate to differentiate for small or big opportunities.” – Dr Angeline Achariya, Executive Director, Innovation & Growth of Simplot Australia.
Tell your story.
“Prepare for Gen Z and the connected consumer. Tell an authentic brand story and have the technology in place to properly communicate it!” – Mark Dingley, CEO of Matthews Australasia and Chairman of APPMA.
Find out more about the connected consumer in our 2020 predictions for Australian manufacturers & suppliers. But it’s not all about “the young ones”; many businesses may find new markets in the “longevity economy”.
Tell us, what is your business resolution for 2020?
Looking for insights and tailored information for Australian makers & movers, domestically and on the global stage? You’ll find it all here. Connect with us now!
Image credits: iStock/ Andrii Shyp (main), iStock/ Cn0ra (bottom)