A recent private survey points to an expansion of the Chinese manufacturing sector—the fastest ever recorded in the past decade. This data means only one thing. The global market is on the rebound, and your customers are starting to gear up to capitalize on it.
Manufacturers around the globe have been hit hard by the recent COVID-19 pandemic. Industry leaders who have embarked on their digital transformation journey expect to recover quickly to meet pent-up demand.
However, many other smaller machine and equipment manufacturers realize that Industry 4.0 is no longer a buzzword. It’s a business imperative for businesses looking to recover—fast.
Your customers are transforming and adapting to a post COVID world as best as they can. This shift inevitably means they expect your business to be as resilient and agile as they are.
Speed and accuracy in all aspects of your business are no longer “nice-to-haves” or “should-haves.” They are now “must-haves” for any manufacturer looking to keep their customers happy—or even keep them at all.
Of course, ensuring speed and agility is easier said than done. And your customers know that. However, that does little to lower their expectations. If anything, they expect your business to be able to keep up with their transformation pace.
The good news is, by meeting today’s challenges, your business will be well-positioned for opportunities that tomorrow brings.
Adopting Industry 4.0 is not a shortcut to success. It’s a long and drawn-out process that can take years. To shorten this process, manufacturers can look at emerging technology built for their industry.
Find out how your manufacturing business can enter the digital economy in just three months with our latest Manufacturing Commerce Playbook.