The Factory of the Future - Disruption

Manufacturing plays an essential role in the economies of both advanced and developing nations. According to a recent McKinsey Report it now accounts for approximately 16 percent of global GDP and 14 percent of employment. Changes in consumer demand and advances in technology bring both challenges and opportunities for the sector. How are business adapting to meet these challenges and which technologies are shaping the factory of the future? Factory tech today Factories have already adopted new technologies with a view to increasing productivity and reducing costs.