According to a recent Oxford Economics study, 57% of small and midsize manufacturers anticipate technology to have a significant impact on process automation, with one-quarter of these businesses in the planning stages.
While 25% of these small to midsize businesses are planning to invest in updating core business systems, 75% are not. Given the current tariff climate, U.S. businesses should be looking to revamp their tech infrastructure (software, hardware, networking and communication) to help navigate the challenges associated with the foreseeable economic terrain.
According to The Institute for Supply Management (ISM), after taking a short-dip in October, manufacturing growth rebounded in November. With the future of American manufacturing looking positive, if businesses plan to rely on outdated systems to keep up with the projected growth, then we could be headed towards another economic disaster.
There is little doubt that American manufacturing has arrived in the digital age. Outdated systems struggle to match the fast-paced “need-it-now” environment that businesses need to operate in. As a U.S. manufacturer, do you have plans to stay ahead of the curve?
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