A supply chain under stress
The rapid pace of technological advancement
Modern cyber threats
Workforce shortages and skills gap
Regulatory pressure and environmental fallout
Over
report integrating technologies such as data analytics and cloud computing into their processes, and nearly half are utilizing Internet of Things (IoT) sensors, devices, and systems.
The average cost of a successful cyberattack on an industrial organization has climbed to .
Over the last decade, adult education and vocational school enrollment have
.
Five risks that manufacturers face:
1
A supply chain under stress
1
2
The rapid pace of technological advancement
2
3
3
4
Workforce shortages and skills gap
4
5
Regulatory pressure and environmental fallout
5
Modern cyber threats
In 2024,
reported a disruption in their supply chains, with most experiencing between one and 10 disruptions over the span of 12 months.
Small manufacturing firms spend
on regulatory compliance—more than 3x the average for U.S. businesses.
80% of organizations
80% of organizations
70% of manufacturers
70% of
manufacturers
$4.73 million
$4.73 million
declined at a -2.5% CAGR
declined
at a -2.5% CAGR
over $50,000 annually
over $50,000 annually