The unexpected COVID-19 pandemic brought many challenges, especially for the manufacturing industries. According to the recent report presented at the United Nations Conference on Trade and Development (UNCTAD), the FDI (Foreign Direct Investment) shows a massive fall of around 5%-15% due to the pandemic, majorly in the manufacturing sector.
Digital transformation was gaining pace, and many SMEs were adopting it to increase productivity and reduce costs, as already seen as the immediate response to the pandemic. Moreover, many industry leaders started leveraging Industry 4.0 solutions to continue their manufacturing operations.
There’s an expectation that the upswing in technology will not be symmetric
According to a survey, around 39 percent of industries have implemented a nerve center, in simple terms, a control tower.
This approach increases end-to-end supply-chain transparency, which later became a fast-tracking
