These are pivotal times for industrial manufacturing. Manufacturers must navigate an unfamiliar environment shaped by advances in disruptive technology, economic turmoil, shifting customer expectations, uncertain labor and materials supply markets, and the world’s emergence from the COVID-19 pandemic. In our view, this sector will continue to experience increasing disruption in the near future. We see the sector migrating toward a smart industrials strategy, shifting from a legacy product-centric focus to a customer-centric focus empowered by digitally enabled aftermarket.

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