Crossroads – or turning point?
Manufacturing is at a crossroads. Traditional manufacturing companies are now being challenged by tech companies and digital-born start-ups in the innovation race. Despite increased investment in innovation, operational budgets are decreasing; while productivity and quality targets continue to rise. As supply chain disruptions continue, manufacturers need to implement new solutions to maintain production speed and efficiency.
Perhaps more so than any other industry, manufacturing is under constant pressure from contradictory factors: supply chain resilience versus sustainability; innovation versus time-to-market; cybersecurity versus global collaboration; and productivity versus workforce shortages. Manufacturing leaders must navigate these challenges by tuning their approach to people, processes, and technology to achieve continued growth.