Too Long; Didn't Read
E&Y’s recent findings, more than 52% of global manufacturers are taking active steps to change their existing supply chain system. The manufacturing sector has an immense pressure to shave off costs, minimize human dependency on manufacturing processes, and come up with innovative ideas to future-proof their operations. The situation is also driving several companies to scale up their adoption of smart manufacturing processes powered by AI, Internet of Things (IoT), industrial IoT, and blockchain technology. The manufacturers also face the big unprecedented challenge to develop a resilient contingency plan to prepare themselves against similar unexpected future events.