The outlook in the manufacturing industry reveals positive trends in the coming years. But cautious optimism around revenue growth is met with caution against perpetual risks. Workforce shortages and supply chain instability are reducing operational efficiency and profit margins. Business agility is critical for manufacturers during these uncertain times. To override the disruption and forge a path to success, leaders are turning to adaptable, scalable, and efficient technology implementations and innovation.
There’s no mistaking that manufacturers face near-continuous disruptions globally that add costs and test abilities to adapt. As reports continue to reveal system-wide complications from high demand, rising costs of raw materials and freight, and slow deliveries, Manufacturers are remaking supply chains for advantages beyond the next disruption.