The 2024 Advanced Manufacturing Outlook reveals that Canadian manufacturers are cautiously advancing Industry 4.0 adoption amid labor shortages, inflation, and cybersecurity risks. While 82% view IIoT as a growth opportunity, 37% cite tech integration challenges and 25% lack skilled talent. Investments focus on robotics, ERP, analytics, and cloud. Benefits include lower costs, reduced downtime, and improved product quality. Cyber-attacks are rising, yet many lack full protections. Manufacturers are prioritizing upskilling, ERP upgrades, and digital transformation, balancing innovation with economic uncertainty and workforce gaps​.

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