State of the Manufacturing Industry and Trends in 2024

Deloitte predicts that the industry will face several challenges in 2024, one of which is the need for product innovation to meet companies’ zero-emissions targets (Source: https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html).

Oracle notes that industry is undergoing a generational shift from machine-based assembly lines to “smart factories” that utilize robotics, the Internet of Things (IoT), data analytics, augmented reality (AR) and other advanced technologies (Source: https://www.oracle.com/industrial-manufacturing/industrial-manufacturing-trends/).

Also, according to Oracle — investment in technology, one of the industry trends in 2024. This includes the adoption of IoT and other advanced technologies. Also, one of the trends is prioritizing sustainability.

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