In a recent Forbes interview discussing the future of manufacturing, Flex CEO Revathi Advaithi shared that “the industry is outdated in many ways.” Even if we look back just a few years to 2018, the percent of manufacturing corporations successfully transforming was far less than the 28% average for companies in other industries.
This slow, resistant approach towards digital transformation, combined with increased product demands from consumers and a global pandemic that created significant travel restrictions and supply chain disruption, could have pushed manufacturing to a full standstill.
