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The complex discretemanufacturing industry, with its intricate processes and systems, is no stranger to these challenges. This is where the concept of a model-based enterprise (MBE) comes into play as a practical approach to dealing with the demands of the competitive manufacturing landscape. billion in 2023 to USD 35.04
ABB started construction starting on the expansion of its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Mich. The project is expected to be completed in November 2023 and represents an investment of $20 million. – Edited from an ABB Robotics press release by CFE Media and Technology.
According to the Netwrix 2022 Cloud Security Report , cloud adoption is accelerating in the manufacturing sector: organizations report that they expect 52% of their workloads to be in the cloud by the end of 2023, up from the current 35%. It offers tailored solutions to address a manufacturer’s cybersecurity needs.
With the high inflation, increasing labor costs, labor shortage, energy crisis and hybrid working, the manufacturing industry experienced significant turmoil in 2022. Although some of these have started to get eased, 2023 is still expected to be a challenging year for the manufacturing industry with many transitions ahead.
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