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The primary objective of smart manufacturing is to increase productivity, efficiency and flexibility while reducing waste, energy consumption and operational costs. not only includes smart manufacturing but also extends to other functions, such as logistics and supply chain, transportation, energy and even healthcare and retail.
Other issues in 2022 include threats of energy shortages in Europe, high inflation and rising interest rates in many countries, supply and logisticschains that are strained and persistent COVID lockdowns in China. Russia’s attack on Ukraine clouded the outlook at the beginning of last year. The company shipped more than 2.9
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