Last updateTue, 26 May 2020 7pm

Manufacturing & The Economy

Fourth Industrial Revolution Under Way in U.S.

A new survey by PwC and The Manufacturing Institute sees a definitive—and, indeed, inevitable—shift to the “fourth industrial revolution” as companies seek to integrate new technologies into their operations, supply chain, and product portfolio.

Nearly half of manufacturers surveyed reported that they are in the early stages of a smart factory transition (awareness, experimental, and early adoption phases). Manufacturers expect the transition to accelerate—73% are planning to increase their investment in smart factory technology over the next year.

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