Implementing smart technologies has enabled factories make gains of up to 12 percent, according to an authoritative new report by Deloitte and the Manufacturers Alliance for Productivity and Innovation.
The areas in which the gains were achieved include: manufacturing output – an important US economic indicator; and factory utilization; and labor productivity.
Looking ahead, smart factory initiatives could lead manufacturers to experience labor productivity increases of 4 percent, which represents a three-fold improvement over the past decade’s average annual growth rate of 0.7 percent (2007-2018). [Read more…] about Going ‘smart’ helps factories make 12 per cent gains, says new report
