article thumbnail

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.

article thumbnail

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).”

article thumbnail

Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

A successful attack on a manufacturer could give the attacker access to connected networks, such as suppliers, logistics partners, or customers. Such employees typically include customs compliance staff, procurement personnel, and individuals working in the company’s shipping/ logistics departments.