The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.
This report comes in PPT.
The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Around 60% of companies globally plan to reshape and implement digital strategies.
Transition into digital manufacturing has been led by developed economies although emerging countries are expected to catch up. Middle East and Africa, Asia and Latin America are forecast to offer most growth opportunities for digital tools providers.
Investments into production automation accelerate as it helps to improve production efficiency and reduce costs. Around a third of manufacturing companies globally are planning to accelerate investments into automation.
The global manufacturing sector is forecast to achieve USD1.3 trillion in productivity gains per year thanks to the use of digital and production automation tools. These gains come through improved efficiency, lower operating costs and elimination of production bottlenecks.
Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.
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