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December 19, 2018 Manufacturing/ Distribution Sector Overview

Key report highlights specific to the manufacturing/distribution sector include:

  • Strong Output – The Manufacturer’s Alliance for Productivity & Innovation projects that the US manufacturing sector will regain all lost output by April 2019, with 2.8% average growth between 2018 and 2021.
  • Industry 4.0 – Manufacturers are riding the digital transformation wave at rapid pace, leading to better process automation and customized production. With 3D printing, Internet of Things (IoT) and robotics, to name a few, the industry is increasing its efficiency, output and speed to market.
  • Skilled Labor Issues – A number of manufacturers are looking to temporary employees as well as flex schedules to meet staffing demands and remain competitive.

Download the 2019 P&C Market Outlook: Manufacturing/Distribution Sector Overview, or access the full report.

 

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