Competitive Resilience Requires Innovative Strategies

Manufacturers embracing digital transformation will contribute to a competitive and resilient future as they tackle ongoing manufacturing challenges. The US manufacturing industry capitalized on the momentum generated by laws prioritizing rebuilding infrastructure already spurred record private sector investment. Manufacturers will continue to face economic uncertainty, an ongoing shortage of skilled labor, and lingering supply chain disruptions .

Technology is poised to play a significant role in supporting manufacturers in taking on the challenges they will face. With a persistent search for efficiency and focus on building resilience across the organization, many manufacturers look to continue to pursue their digital transformation objectives. Many companies seem to be embracing a smart factory approach, exploring the industrial metaverse, and investigating the possibilities of generative AI as tools they can use to add value to their operations. Generative AI is expected to hold immense potential in areas such as product design, aftermarket services, and supply chain management, which could lead to reduced costs across manufacturing organizations serving as another tool for navigating a challenging labor market.