How Digital Twin Tech Can Improve Cost Predictability

Manufacturers in the UK have faced a turbulent couple of years, with inflationary pressures and supply chain disruption making it harder for them to maintain agility and respond to new challenges.

The ongoing semiconductor shortage is a widely reported example of the supply chain challenges affecting UK-based manufacturers, particularly those in the automotive sector. Other supply shortages affecting the raw materials needed to make batteries, for example, are also having a knock-on effect on global production of electric vehicles. This environment of ongoing supply disruption and increased cost volatility is encouraging businesses to unlock the potential of new data-driven technologies to inform their decision making, enabling them to build a more resilient business model.