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What is Holding Manufacturers Back from Adopting Advanced Technologies?

The landscape of business is changing due to digitalization and the introduction of advanced technologies. The manufacturing industry has always been seemingly content with how they operate their supply chains. Because of this, many manufacturers have deemed digitalization unnecessary. However, with product life-cycles getting shorter and competition tightening among industries, these businesses can’t afford to keep their processes the same much longer. So, why are manufacturers so hesitant to shift to new tools and processes? There are four common misconceptions about digitalization that could be hindering them from taking the leap to new technologies.

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