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Combining Regional Production and Supply with Digital Maturity Boosts Resiliency, Accenture Report Shows

Dinesh Mishra

By 2026, 63% of companies in India intend to buy most key items from regional suppliers, up from 34% today. Even more organizations (77%) in India plan to produce and sell most of their products in the same region by 2026, up from 29% today. billion in 2026, according to the report.

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Top trends in 2024: Experts share key automation trends for Canadian manufacturers in 2024

Automation Mag

Industrial connectivity IOT Analytics reports “by 2026, more than 50 percent of all products sold by original equipment manufacturers (OEMs) will be IoT connected” and “the number one benefit of connected IoT projects is generating deep insights into customer usage of their products and services (67 percent).”

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry. Beyond the automotive industry, even the most basic household appliances are now wireless and connected. New companies may have limited resources and expertise necessary to overcome hurdles that may arise.