![]() A New Focus on Upskilling and ReskillingĪccording to the PwC Digital Trends in Supply Chain Survey 2022, increasing efficiency and reducing costs are manufacturers’ major priorities-outpacing digitization, automation and upskilling by wide margins. ![]() In order to adapt to a new normal and continue to fuel growth, manufacturers will need to focus on hiring best-in-class employees that have the technical expertise in emerging technologies that help improve resilience and performance. However, a lack of expertise in these emerging technologies is slowing adoption- severely hampering manufacturers’ digital transformation journeys. In fact, 41% of manufacturers plan to invest in IoT technology over the next two years as a way to automate operations and do more with less, according to the NAM survey. A recent National Association of Manufacturers (NAM) survey reveals that 45% of manufacturers say that worker shortages have left them unable to take on new business and have led to lost revenue opportunities.įortunately, emerging technologies such as robotic process automation (RPA), artificial intelligence (AI), machine learning (ML), cloud networking and the Internet of Things (IoT) are allowing manufacturers to push forward and fuel growth despite these challenges. A trio of pandemic related challenges over the past several years-global supply chain bottlenecks, ongoing labor shortages and rising inflation-are forcing manufacturers to optimize operations and find ways to do more with less.
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