The manufacturing industry is constantly changing and evolving. Every year you hear talks about robots, AI, and the like. But what does the actual data say? And what are the most dominant manufacturing trends expected in 2023?
As the world is slowly emerging from the pandemic, companies are looking at new ways to future-proof their businesses.
The data shows a strong trend of reshoring and nearshoring. Countries all around the world are looking to move production closer to home. This makes sense as it reduces the risks associated with long-term international supply chains while reducing costs and increasing delivery speed.
Another trend that has been gaining a lot of traction is sustainability. Customers are becoming more aware of the environmental impact their consumption is having. This has pushed manufacturers to make changes to reduce energy consumption and waste while also attempting to create more sustainable products.
The third major trend that has been consistent in the manufacturing world is automation and robotics. As technology becomes more advanced, so do the automation capabilities of machines. This allows companies to become more efficient and consistent with their production while reducing labor costs.
Take a look at the numbers below to see what other shifts are in store for the manufacturing world.