A panel of experts recently convened to discuss what the coming years hold for manufacturing. They all agree that manufacturing is “enjoying a moment,” and that optimism remains high among manufacturers. Still, there are challenges to overcome and technologies and processes that will be important for manufacturers to keep on the right path. In this paper, we’ll highlight 10 trends and challenges manufacturers need to keep an eye on.
Overall, the outlook for manufacturing is quite positive, fueled by the sentiment that the current political climate is a positive one for business. In the latest Manufacturers’ Outlook Survey from the National Association of Manufacturers (NAM), manufacturers’ optimism has risen substantially; almost 95% of respondents say they are positive about their own company’s outlook.
Download this paper to read more about 10 trends and challenges to watch.
1. Regulatory reform
2. Growing global economy
3. Continuing skills gap
4. More connected supply chain
5. Tightening of cybersecurity
6. Manufacturing CFO becomes more strategic
7. Mass customization of products
8. Growth of servitization
9. ERP system as focus of digital transformation
10. Continued emphasis on big data and IoT
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