Navigating manufacturing challenges with AI and innovation

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The global manufacturing industry is at a pivotal crossroads, facing unprecedented challenges and transformative opportunities. This report, commissioned by IFS, delves into the current state of manufacturing worldwide, highlighting key insights from a global survey of industry decision-makers:

Digital Maturity: 65% of manufacturers rely on outdated systems, with fewer than 10% being digital leaders.
Top Challenges: Technological disruption (30%), cybersecurity risks (28%), and climate change (28%) rank as primary concerns.
Benefits of Digital Transformation: Companies embracing digital and sustainability initiatives report a 50% improvement in agility, a 44% increase in operational efficiency, and stronger customer satisfaction.
AI Adoption: AI potential is strong, but adoption is slowed by data quality, unclear benefits, and compliance issues.
Key Focus Areas: Manufacturers are prioritizing process innovation to enhance efficiency, ensuring regulatory compliance to avoid disruptions, and building resilient supply chains to navigate global uncertainties.

Download our report to discover more today.

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