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Virtual twin insights Manufacturers face many challenges including evolving technology, rising costs, shrinking profit margins with sustainability concerns and persistent supplychain instability. Four industry challenges in the automotive industry are particularly prevalent, Braford said: Evolving technology.
Based on data from the Society of Motor Manufacturers and Traders (SMMT), this could be the result of different factors that are currently affecting the automotive industry, including rising inflation and cost of raw materials. Dominic Tribe is a partner and automotive sector specialist at management consultancy Vendigital.
For example, the US and Japanese machine tool industries have seen varying levels of demand, which can impact the global supplychain and market dynamics. The market for CNC (Computer Numerical Control) machines is expanding rapidly, driven by the automotive and aerospace sectors.
For example, the US and Japanese machine tool industries have seen varying levels of demand, which can impact the global supplychain and market dynamics. The market for CNC machines is expanding rapidly, driven by the automotive and aerospace sectors. We also employ advanced technologies, including IoT and Industry 4.0
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