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Home > Kronos > The Future of Manufacturing: 2020 and Beyond
 

The Future of Manufacturing: 2020 and Beyond

White Paper Published By: Kronos
Kronos
Published:  Sep 24, 2018
Type:  White Paper
Length:  12 pages

U.S. manufacturers as a whole are bullish about future growth prospects. To address such challenges, manufacturers are making significant investments in equipment and systems. This report deals with manufacturers’ challenges, strategies, and investment priorities in the foreseeable future.

Nine out of 10 company leaders expect revenues to increase every year over the next five years, and well over half anticipate strong annual growth of 5% or more. This is only one of the predictions and insights revealed in this special research report on the leadership expectations and priorities of U.S. manufacturers. The top five market challenges limiting that potential sales and profit growth are:

  1. Market volatility
  2. Material costs
  3. Price reduction pressures
  4. Labor costs
  5. Transportation/logistics costs

To address such challenges, manufacturers are making significant investments in equipment and systems. The top objectives of these investments is to become more agile by increasing productivity, improving responsiveness and enhancing collaboration with customers and suppliers.



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