Keeping Up With Change: 4 Lessons for Original Equipment Manufacturers
The cannabis industry is growing in multiple ways: Legalization, revenue, and sophistication all are on the rise. As the industry continues on its trajectory to surpass The Arcview Group’s projection of $42 billion in revenue by 2024, many companies face challenges that come with rapid growth and increased consumer demand. In order to keep up, growers, processors, packagers , and manufacturers alike are looking toward a future in automation to increase efficiency , lower costs, and bring products to market on an accelerated timeline. In addition, widespread labor shortages are challenging the manual-labor tactics the industry has relied on for so long. Almost every business could benefit from adding equipment and machinery that automate processes and impact long-term scalability. The bottom line: There are outstanding opportunities for original equipment manufacturers (OEMs) to help businesses streamline their operations and pave the way toward industry standards and best practices. ...