And just as the world has come to rely on different regions for natural resources like iron ore or lithium metal, so too has it become dependent on regions where these specialists reside.” Increasing domestic manufacturing can certainly reduce cost and supply chain risk, but it doesn’t necessarily eliminate the need for overseas partners nor reduce the total number of links in the chain. It is therefore more crucial than ever that digital factory technologies are in place to optimize efficiency and visibility. We often talk about automated processes as if they were unique to a smart factory – yet automation and robotics have been in use for decades in manufacturing operations.
Many traditional factories use automated machines such as barcode scanners, cameras, and digitized production equipment in various parts of their operation. But those devices are not interconnected.
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