Despite pandemic, manufacturers continue to invest in digital factory plans

Posted on 29 Oct 2020 by Karen Queen

Despite pandemic-related market shocks, 62% of global manufacturing leaders say they are investing in digital factory plans and even beefing up that spending by 20%, according to a study by Deloitte and MAPI.

In a separate MAPI survey, 85% of leaders agreed or strongly agreed that digital factory investments would rise by June 2021. Still, more than 70% remain concerned about the ongoing economic impact of COVID-19 and about meeting profitability goals, according to the study released in late October. Nearly 40% of all respondents have stopped smart…

This content is for subscribers only. Subscribe now for free to read the full article.