BY AAMER BAIG, Senior Partner, McKinsey Chicago; BRYCE HALL, Associate Partner and Solution Leader, McKinsey Washington D.C.; PAUL JENKINS, Senior Partner, McKinsey Oslo; ERIC LAMARRE, Senior Partner, McKinsey Boston; BRIAN MCCARTHY, Partner, McKinsey Atlanta
By now, most C-suite executives have led their companies to digitize at least some part of their business to protect employees and serve customers facing mobility restrictions as a result of the COVID-19 crisis. As one CEO of a large tech company recently stated, “We are witnessing what will surely be remembered as a historic deployment of remote work and digital access to services across every domain.”
Indeed, recent data show that we have vaulted five years forward in consumer and business digital adoption in a matter of around eight weeks. Banks have transitioned to remote sales and service teams and launched digital outreach to customers to make flexible payment arrangements for loans and mortgages. Grocery stores have shifted to online ordering and delivery as their primary business. Schools in many locales have pivoted to 100 percent online learning and digital classrooms. Doctors have begun delivering telemedicine, aided by more flexible regulation. Manufacturers are actively developing plans for “lights out” factories and supply chains. The list goes on.
As some regions begin reopening, businesses are considering how to return to some semblance of full speed in an unstable environment in which lockdowns will ease (and potentially be reinstated) in waves. In doing so, they will need to confront three structural changes that are playing out.
Bystronic Completes First U.S.-Assembled Fiber Laser Cutting Machine
Showing the company’s commitment to the North American market, the milestone is magnified by the addition of 8kW and 10kW fiber laser power to the next generation BySmart Fiber 3015. By fall, Bystronic plans to begin assembling its BySmart Fiber 4020 at the same Midwest facility.
3DEO Achieves ISO 9001:2015 with Dynamic Process Control
LA-based company says it’s poised to become the next generation of manufacturing. Their ISO certification took half the usual required timeframe thanks to the factory’s quality production methodology from the beginning.