June 2024 | Signature Research

The State of Manufacturing: From Resilience to Resurgence

The latest trends in mid-market supply chain resilience, M&A, and AI

The State of Manufacturing: From Resilience to Resurgence

Manufacturers in recent years have focused on creating resilient supply chain models, addressing operational inefficiencies, and innovating talent acquisition strategies in response to rising material costs and geopolitical tensions. As the industry anticipates increased M&A activity, companies are rethinking approaches to position themselves for future success and navigate complex changes effectively.

2-Minute Takedown

workers taking inventory

Optimizing adaptable supply chains

Supply chain disruption forced manufacturers to diversify suppliers, build inventories, and improve inventory management—but labor shortages loom. 
worker controlling factory machine and tablet

M&A uptick on the horizon

Manufacturing M&A deals slowed due to economic uncertainty but are expected to rebound as companies seek technology and product improvement. Case in point? 90% of surveyed manufacturing executives anticipate increased M&A activity in the coming year.
a close up photo of a factory machine

The future of manufacturing has arrived

AI and machine learning are seen as the most impactful technologies for manufacturing (32%), with sustainability (19%) also considered crucial as companies look for efficiency and meet stakeholder demands.  
worker in a hard hat and gloves looks at phone

An aging workforce and succession plan

Manufacturing faces a labor shortage due to an aging workforce, requiring investment in automation, upskilling, and recruitment. Respondents noted automation investments (54%) and alternative workforce options (49%) as their top steps to address those labor shortages.
The State of Manufacturing: From Resilience to Resurgence

The State of Manufacturing: From Resilience to Resurgence

The manufacturing trends shaping 2024 and how you can navigate the complexities of supply chain resilience, M&A, and the future of manufacturing and AI.

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