The factory of the future will be powered by artificial intelligence and will feature more advanced automation than is currently available. And, according to a new Boston Consulting Group (BCG) report, the companies that succeed will be the ones that reimagine production systems and operations from end to end.
The authors of the report, titled “How the Factory of the Future Is Reshaping the Economics of Manufacturing,” said AI and advanced automation are already fundamentally rewriting the rules of worldwide competition. The report is based on a survey of 1,000 global manufacturers and was created using proprietary economic modeling. The report emphasizes that manufacturing competitiveness is no longer determined by simple, static comparisons of local labor costs.
Recent Comments