Photo by Sheep .: https://www.pexels.com/photo/photo-of-a-person-selling-snack-on-a-bicycle-2532098/ The Southeast Asian (SEA) region is becoming a prime hub for manufacturing, driven by the "China Plus One" strategy, where companies diversify production beyond China. ABI Research forecasts digital spending in SEA, covering Industry 4.0 technologies like robotics, automation, digitalisation, data analytics, connectivity, and worker enablement, to surge from US$75 billion in 2023 to over US$300 billion by 2028, growing at a 32% CAGR. This presents substantial growth prospects for smart manufacturing solutions in SEA. Matthias Foo , senior analyst at ABI Research, noted that investment by Western players is attracting Chinese automotive manufacturers, such as Hozon New Energy Automobile, GAC Aion, and BYD, to do the same – expanding their manufacturing capabilities in the SEA region. In addition to the influx of sizeable global manufacturing entities into the region, the region is also witnessing the increasing adoption of digital technologies by large domestic players across various industry verticals, including but not limited to Siam Cement Group, Republic Cement, KCE Electronics, Vinamilk, Hoa Phat Group, SteelAsia, PTT Global Chemical, and Smart Asia Chemical Bhd. Some of the commonly implemented solutions include the use of manufacturing process software, such as product lifecycle management (PLM) and […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
