Here is a somewhat futuristic view of how capacity utilization can be maximised. The report is from the Business Innovation Laboratory of the European Commission. It describes how technologies like the Internet of Things and analytics can play a role in driving capacity utilization. Interestingly, it traces the socio-economic relevance of these developments, from customer behaviour to regulations.
The demographic dividend that India is meant to enjoy doesn’t mean there will be enough talent to run your operations. Despite a young population, India has the third highest shortage of talent, according to a Manpower Group survey. Of concern to manufacturing is the shortage in the areas of engineering, technicians and project management. Companies will need to do something on their own to bridge the gap between need and aspiration.