What’s next in manufacturing: Planning for 2024 and beyond

What’s next in manufacturing: Planning for 2024 and beyond

Experts are calling manufacturing’s 2023 landscape a triple squeeze on performance—looming economic hardship pressing their bottom line, a competitive market for skilled workers, and unexpected disruptions to supply chains. Now more than ever companies need to change course and adapt to shifts in demand and ongoing, unpredictable disruptions. 

In this landscape, production efficiency is not the only goal—so is safety, sustainability and service. Manufacturers must look to optimize their technology investments and build agile, connected, and composable technological applications that will enable them to boost productivity, increase ROI, and remain viable and scalable in the face of unpredictability.

• What modifications have companies made to their long-term plan regarding technology investments given the economic headwinds?
• What types of projects are remaining top-priority for investment? Have any projects been down-graded as a result of the economic shift?
• How are companies adapting technology to challenges presented by shortages in the workforce? What tools do leaders use to show digital dividends and demonstrate the financial impact of technology investments?