Financial Impact of Converging Business Models In Manufacturing
In a significantly penetrable market environment, the inevitable competition forces manufacturers to innovate and adapt various aspects of the manufacturing system.
In this regard, the dawn of smart factories, considered to be the 4th industrial revolution or Industry 4.0, will create a notable convergence of business models in manufacturing units. Furthermore, the dominance of Surface Mount Technology (SMT) will also be higher in smart factories.
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