I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.
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Phone: (+1) 252-274-1912
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Trade and technology are likely to be wed this year, paving way for multi-dimensional developments and tech trends becoming mainstream.
Despite dismal overview of sales inefficiency, dipping global economy and constantly transforming trade equations coupled with complications such as labor shortage are causing tremendous sales fluctuation as well as deficient revenue returns in the manufacturing industry. However, ongoing progress in technology affirm upcoming breakthroughs in manufacturing space, thus keeping businesses agile even amidst stern inconsistencies.
One of the most visible outcome of technological juxtaposition on industries is a new and improved workforce with immense technological expertise fueled by robotic inclusion in work structure.
Technological innovation is playing a crucial role in order to comply with manufacturers’ objective of controlled expenditure. Therefore, across the manufacturing industry, new skill development and highly flexible workforce are gaining precedence.
Dwindling trade relationships amongst countries is yet another significant trend taking shape in the manufacturing industry.
Further, new tariff structure development concerning import and auto industry development are creating further pressure on the manufacturing industry, especially of developed economies such as the US manufacturing industry which is having a bumpy trade relation with China.
Further, India has lately reported of a strained relationship with China as both the countries fight over border uncertainties.
Besides the aforementioned factors, a steadily slowing down economic growth globally has been further affecting the manufacturing industry at large. New tariff regulation in place is affecting the manufacturing industry in more than one way thus is directing new and profound alterations in business return as well as skill development. Industries across the globe are witnessing extreme challenges amidst a constantly transforming macroeconomic factors as well as the volatility of geopolitical equations throughout the globe. However, technological innovations favoring controlled operational efficiency is assumed to emerge as the leading trend amidst prevailing challenges.