What are the major trends and challenges facing the manufacturing and industry sectors in 2023?
Manufacturing and industry are facing several challenges in 2023. Some of the major trends and challenges include:
Investing in skills to tackle workforce challenges:
The changing workforce dynamics and technology advancements are leading to a growing understanding of the importance of skills-based training and recruitment. Employers are shifting their focus to finding candidates with the skills and experience necessary to do their job and upskilling existing workforces.
AI, automation, digital twins, and the internet of things:
Technology has the potential to provide solutions to many of the challenges facing industry and society in 2023. The convergence of AI, automation, IoT, and digital twins is expected to drive more efficient operations and improve business outcomes.
Ongoing supply chain disruption:
Industrial shutdowns during the global Covid-19 pandemic and emerging and ongoing issues such as geopolitical issues, cybercrime, international sanctions, and climate-related issues are impacting the movement of goods and produce across the global supply chains that feed manufacturing and industrial activity.
Net zero, ESG, and sustainability in manufacturing:
Manufacturing industries are attempting to accelerate their journey towards net zero emissions, reduce their reliance on fossil fuels, and switch to renewable energy sources. Companies are striving to show that they can demonstrate the provenance of everything that goes into their products.
Decentralized manufacturing:
The concept behind decentralized manufacturing is that products should be constructed as close as possible to the place where they will eventually be used. This eliminates waste created with transport and logistics and helps manufacturers achieve their net zero and ESG targets.
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