This white paper by the World Economic Forum explores how advanced manufacturing can be used to unlock business model innovation for manufacturing companies. The authors argue that companies need to think beyond traditional manufacturing operations and consider how they can use advanced technologies such as automation, artificial intelligence, and the Internet of Things to create new revenue streams and improve their competitiveness. The paper presents five strategies for companies to accelerate and capitalize on business model innovation, including investing in digital technologies, collaborating with external partners, and developing new business models. The authors conclude by calling on stakeholders to take action and drive their own transformation journeys.
