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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
Due to the semiconductor slump, manufacturing output in the Asia-Pacific region is declining – the region accounts for almost 90% of semiconductor and components production. Between 2023 and 2028, machinery production (as a sub-sector of manufacturing) is expected to grow faster than the manufacturing sector overall.
At Interact Analysis, we will be closely watching the impact of policies such as interest rates and stimulus initiatives on global economies and their manufacturing sectors, with the risk of stagflation or stifled demand very real.
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