Manufacturers today are implementing a range of new technologies to increase operational efficiency and create visibility and flexibility across value chains. These include robotics, automation, data analytics, IoT, and artificial intelligence (AI) and machine learning (ML), according to Deloitte. Company leaders hope these innovations will help them create more productive and resilient supply chains, improve production quality and efficiency, and mitigate risks.
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As the world emerges from the recent pandemic, organizations continue to struggle to find solid ground in an uncertain economic climate. Plagued by supply chain disruptions and price inflation, finance teams are at the forefront of organizational efforts to strategize and remain agile in changing circumstances.