quick facts

In 2022, the Manufacturing industry boasted a market revenue of $7.2 trillion, with projected annual growth of no less than 3.5% anticipated in the coming years.

According to a recent study by Deloitte, an impressive 86% of surveyed manufacturing executives foresee smart factory solutions as the key catalysts for competitiveness over the next five years.

Throughout the initial nine months of 2020, there were 4,200 supply chain disruptions, significantly amplifying the complexity of supply chains and necessitating agility. The pandemic, labor shortages, and the Ukraine invasion merely underscored this issue. Recent years have highlighted the advantages of local manufacturing by streamlining supply chains, offering a shield against international vulnerabilities.