Over the course of the COVID-19 pandemic, many industries and the businesses within them have seen fast, fundamental changes to the way they work. This accelerated shift toward digital technologies that enable remote working has inspired business leaders to re-think how to operate efficiently, effectively and profitably.
As countries worldwide are beginning to emerge from the confines of lockdown, many businesses are drafting roadmaps that will lead them not only to a quick recovery, but to long-term success.
But what does that look like? The answer will vary from country to country as their situations evolve. If there is one thing that’s been made evident by this pandemic, it’s that the future is powered by digital transformation and will heavily depend on technologies that empower remote collaboration – such as Centric Software®’s Product Lifecycle Management (PLM).
The Road to Recovery
Experts have identified recurring trends that help to promote a sustainable, long-term recovery by enabling rapid response to market challenges. These include being connected to your customers, monitoring and reacting to detailed team insights, as well as end-to-end visibility of supply chain and operations.
Implementing the right technologies is essential to enable businesses to react to marketplace fluctuations and not only recover successfully but go on to thrive in the new climate. Many brands are revolutionizing the way they ideate, design and sell products with Product Lifecycle Management (PLM) acting as a digital backbone that enables them to capitalize on three key drivers:
PLM streamlines production, reduces errors and empowers effective remote team collaboration, ultimately saving time and money; a strategy that’s vital for businesses entering a recovery phase. Many markets are still experiencing disruption and uncertainty, so adaptability and investing in foresight-oriented technology are of great importance throughout this period and beyond.
How businesses decide to return to the market and navigate a new normal is crucial to their success. Incorporating industry-leading insights and best practices, Centric Software has assembled a guide of how to select and utilize cutting-edge technologies to future-proof your business.