New Opportunities for the Process and Fiber Industries
The process and fiber industries are facing challenges of volatile supply and demand and associated price fluctuations. Regulatory requirements are becoming tighter and the cost of compliance continues to increase. Fortunately, there are many opportunities for the process industries. The recent initiatives to stimulate innovation in manufacturing stimulated by governments or initiated by the industry are producing tangible results and can provide benefits. New opportunities include proven smart manufacturing technologies such as digitization and industrial data analytics.