The traditional manufacturing industry is in the throes of a digital transformation that is accelerated by exponentially growing technologies (e.g. intelligent robots, autonomous drones, sensors, 3D printing).
Enterprises at organizational and operational levels, need to adapt to this rapid change if they are not to be left behind by developments in their sector and by their competitors.
Industry accounts for 80% of Europe’s exports. Some 65% of private sector R&D investment comes from manufacturing. Therefore, a strong manufacturing sector can create jobs, boost a country’s GDP and lead the way towards economic prosperity through trade. In advanced economies, manufacturing can lift agriculture exports, thereby boosting income and living standards, whereas, in developing economies it can promote innovation through R&D, exports and productivity growth.
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