With growth increasing at a sluggish rate, the manufacturing sector needs to overhaul its entire machinery to survive in this competitive landscape. Political uncertainties and a significant reduction in foreign trade have led to slow growth in this otherwise strong industry. Both Chinese and Mexican manufacturing models are expected to take a hit, however the Indian industrial manufacturing sector is expected to be worth trillions of USD in the upcoming future owing to relaxed FDI regulations. A shift to digital and fully automated units can be expected in the near future as they would help both in increasing productivity and gaining a competitive edge in the market. A larger focus on developing new platforms to better integrate all operations and more investments can prove to be the proverbial straw for this almost drowning industrial manufacturing sector.
Read our latest reports on market trends and forecasts in the industrial manufacturing sector.