Role of Technological Innovations in Improving Manufacturing Resilience in the Post-Covid Era

Abstract

Technological progress is critical for improving manufacturing resilience and achieving self-sufficiency in any nation. The COVID-19 crisis has shown the importance of, as well as the threats associated with, our new industrial processes. Manufacturing's critical position in both industrialized and emerging economies has been shown by shortages of medical supplies and disruptions in basic goods. These delays and market fluctuations have also highlighted the pitfalls of focusing solely on a globalized distribution system characterized by fragmented supply chains, the separation of engineering and manufacturing, and just-in-time production. Although globalisation was the trend before the COVID-19 pandemic, several countries realized the dangers and began to look inward, focusing on developing local manufacturing capacities. In addition, the automotive sector has established itself as a cornerstone of post-COVID-19 recovery strategies.