Manufacturers are aware of the damaging cost of unplanned down-time. But do they know those costs have more than doubled since 2019?
Down-time is the bane of the supply chain. Unplanned stoppages reduce capacity, waste parts and materials and leave firms with lost revenue. In Senseye’s ‘True Cost of Down-time 2022’ report, the average large plant reportedly lost 25 hours a month to down-time. That’s more than a full day’s production. The good news? The total number…
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