Guest Post by Daniel Burrus (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
Corporations that create in this world facilitate so many integral pieces to contemporary life by way of manufacturing. Manufacturing is quite literally a backbone to so many other industries, generating components for medical devices, automobiles, electronics, and machinery that keeps everything progressing forward. All of these components frequently need to be replaced, or more often upgraded thanks to new innovations that create new capabilities and in turn create new needs.
In addition, global supply chain shortages are driving a new wave of nearshoring to put manufacturing closer to customer locations. New manufacturing plants will utilize the latest technologies in an effort to increase productivity and competitive advantage. Due to the fact that technology-driven exponential change affects everything, manufacturing businesses must always keep up.
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