Industrials Technology & Engineered Products Industry Insights—Spring 2024

Industry Overview

 

• Global manufacturing is expected to exhibit robust growth while navigating regulatory, economic and supply chain uncertainties. Businesses are leveraging technological innovations to establish more responsive and resilient supply chains, helping them adapt to changing market conditions, anticipate disruptions and increase production efficiencies. The continued investment in technological innovation suggests that businesses are not reacting to short-term challenges but instead are strategically positioning themselves for long-term success.
• Collaborative supply chains require organizations to effectively manage both machines and humans–developing strategies that are both tech-driven and human-centric.
• Economic trends indicate a shift toward domestic manufacturing and a necessity to train employees for the integration of automated processes.