State of manufacturing

88% - Expect increased revenues in 2024

71% - Intend to increase Industry 4.0 technology investment

99% - Place some level of importance on digital transformation, technological advancement

47% - Using robotics, automation

36% - Implemented artificial intelligence (AI)

Regarding company’s financial prospects going into 2024 compared to 2023

44% - Somewhat better

35% - Much better

11% - Somewhat worse

8% - No change

2% - Much worse

Regarding company’s level of preparedness & resilience to withstand disruptions in manufacturing operations

49% - Adequately prepared

35% - Somewhat prepared

15% - Extremely prepared

1% - Not prepared

Technologies planned for investment in 2024

50% - Robotics & automation

47% - Cloud computing

41% - Data analytics/business intelligence

41% - Artificial intelligence (AI)

36% - Production/machine monitoring

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