The global manufacturing industry is currently facing a complex transition period. The financial crisis along with unstable global markets have challenged manufacturer's profits and threatened their ability to expand into new markets.
IDC Manufacturing Insights conducted a recent survey investigating the "factory of the future." According to the report "Business Strategy: The Journey Toward the People-Intensive Factory of the Future," results showed challenges such as tough economic times and rising market complexity are driving manufacturers to rethink factory management. More than 43% of survey respondents declared they have a formal process in place to design future production plants, according to the report.