2020 was an extraordinary year, in the true sense of the word. But despite enormous upheaval, top manufacturing executives report several bright spots: most notably, expectations for growth and greater technology use, now and in the future, to ultimately make their organizations more successful.
Our third annual trends report offers a picture of the latest challenges and opportunities in the manufacturing industry. As before, our intent is to unlock insights that manufacturing companies can use to better prepare for the year ahead.
As we move into 2021, the global pandemic will continue to impact economic development and the manufacturing industry. Those we surveyed are less optimistic about the immediate future than they were last year. But as of this writing, it appears that an end to the pandemic may be in sight. This year’s questions are: How will manufacturers move on from the events of 2020? Where will they focus to recover from unexpected disruption? What are their immediate priorities to remain financially healthy, improve operations, and gain greater insight into their businesses and customers?
One thing is clear: organizations in our survey are committed to the exploration and use of technology. We think that’s the right move. Advances in cloud computing, smart manufacturing, and business intelligence will help manufacturers emerge stronger, more agile, and more resilient than ever before. And that should help them thrive in 2021 – and beyond.
Please CLICK HERE to download the white paper.
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