Today, manufacturers face a challenging business climate. There is pessimism about the global demand for manufactured goods and the slow recovery of the economy due to covid-19. There are frustrations about political instabilities, shortage of skilled labor, and declining foreign trade. The concern for intensifying competition is rising as revenues and margins are shrinking, and there is pressure to invest in technology from security to manufacturing data analytics. During slow growth, manufacturers need to focus on efficiencies and strengthening customer relationships using data.
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