A significant number of global industries are at a crossroads regarding supply chains, inflation, rising costs and labour force, and more, as well as climate change.
The advanced automation offered by emerging technologies, such as industrial AI, digital twins, IoT, and advanced robotics, can futureproof industries and make them more efficient, sustainable, flexible, and resilient.
However, the general adoption of such advanced automation has been limited, principally due to workforce capabilities and financial commitments and risk, as well as a lack of incentives to implement it.
Governments have stepped in to accelerate progress with industrial policies to incentivise high-tech manufacturing and reduce reliance on fragile supply chains.
This combination of external pressures and political incentives may finally enable the shift to more automation.