The convergence of disruptive influences such as supply chain shortages and sustainability directives has intensified competition within the machinery market. In response, companies are leveraging smarter and more sustainable tools to innovate and bring new products to market faster than their competitors. This shift towards smarter factories not only drives product innovation but also aligns with the growing demand for sustainability. Moreover, as businesses embrace data-driven and sustainable practices, they are transitioning from traditional product-centric models to solution-centric approaches. These global trends underscore the imperative for companies to adapt swiftly, with statistics revealing the increasing significance of sustainability and agility in supply chain operations. With projections estimating the factory automation market’s worth to reach $340 billion by 2026 and a majority of executives recognizing the shareholder value in Environmental, Social, and Governance (ESG) initiatives, the landscape of industry is undergoing profound transformation. that many feel burnt out.
