1、2024 OU TLOOKThe Future of the Manufacturing IndustryContentsThe Future of the Manufacturing Industry2IntroductionCHAPTER 1|PAGE 3 The Rise of DataCHAPTER 2|PAGE 5 Profitability and Growth CHAPTER 3|PAGE 7 Smart Manufacturing CHAPTER 4|PAGE 9 Supply Chain ResiliencyCONCLUSION|PAGE 10The manufacturin

2、g sector continues to confront a tight labor market and macroeconomic supply chain issues causing an unfavorable business climate and ongoing economic uncertainty.These conditions resulted in the lowest level of optimism among manufacturers(65.1%)since Q2 2020,leaving leaders concerned and neutrally

3、 optimistic about their organizations outlook.But a bright spot exists:Despite these factors hitting all angles of the business,AI and ML have taken center stage in 2023 and will carry over well into 2024.A main priority for manufacturers in 2024 will be their ability to gather,understand,and implem

4、ent data effectively across their business.While most manufacturers have the necessary data,they need to continue their quest to be inherently digital to create value.This means investing in critical digital business capabilities and creating data-centric strategies for everyone on the team to follo

5、w.In the chapters that follow,we explore four key areas of focus in 2024:Data changing the way manufacturers operate Driving profitability with digital How smart manufacturing affects your people The continuous project of supply chain resiliency The Future of the Manufacturing Industry3The potential

6、 for AI in manufacturing has long been seen as a key to unlocking significant value,but the realization of that value has been unevenly distributed and slow.The rise of generative AI is reigniting the focus on how to embrace the potential of AI and supplemental data across the value chain.Manufactur