State of the Manufacturing Industry and Trends in 2024

Updated: 09/25/24

Deloitte predicts that the industry will face several challenges in 2024, one of which is the need for product innovation to meet companies’ zero-emissions targets (Source: https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html).

Oracle notes that industry is undergoing a generational shift from machine-based assembly lines to “smart factories” that utilize robotics, the Internet of Things (IoT), data analytics, augmented reality (AR) and other advanced technologies (Source: https://www.oracle.com/industrial-manufacturing/industrial-manufacturing-trends/).

Also, according to Oracle — investment in technology, one of the industry trends in 2024. This includes the adoption of IoT and other advanced technologies. Also, one of the trends is prioritizing sustainability.

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