Industrial and manufacturing sectors face pressures from rising costs (especially energy), combined with an increasing regulatory burden and the need to respond to broader ESG trends. At the same time, opportunities arise from Government intervention to increase supply chain resilience via onshoring of selected industries, as well as subsidies to support the transition to net zero.
Industry 4.0 technologies including AI, robotics, and big data analytics create opportunities for improved productivity and product quality. They may also play a role in helping to address critical skills gaps in the industry. Nonetheless, investment in workforce development and training is a key strategic enabler of many businesses in the sector.
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