Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Embracing tech standards before pandemic benefited manufacturers; eBay opens platform to millions of sellers in Latin America; Bull Moose Tube announces Texas mill; and CBP seizes $4 million in fake items at Port Houston.
Embracing tech standards before pandemic benefited manufacturers, survey finds
Manufacturers and suppliers that adopted Industry 4.0 standards prior to the coronavirus pandemic were better equipped to handle the disruption, according to the BDO 2021 Industry 4.0 Survey.
The survey, which polled 100 CFOs from different manufacturing sectors, also said that companies embracing Industry 4.0 standards are better positioned for growth compared to those less digitally advanced firms.
Industry 4.0 has been defined as a new phase in the Industrial Revolution that focuses on interconnectivity, automation, machine learning and real-time data to reduce the costs of running inefficient supply chains.
“The biggest thing that we saw on the results of the survey is really the accelerent catalyst that the pandemic has been to organizations really taking action to adopt new technologies to digitize their supply chain,” Eskander Yavar, national leader of BDO manufacturing practice, told FreightWaves.
Chicago-based BDO USA LLP is a professional services firm providing tax, financial advisory and consulting…
