TECH SUPPLIER Dec 2022 - Market Perspective - Doc # US49844622

The Implications of Inflation and Potential Recession on the Manufacturing Industry

By:

Simon Ellis
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,
Jeffrey Hojlo
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,
Reid Paquin
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,
Aly Pinder
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,
John Snow
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Abstract

This IDC Market Perspective examines the potential impact of inflation and a pending recession on the manufacturing industry, both overall and IT spending specifically.

"Manufacturers realize the importance of moving to become digital-first organizations, and this continues to translate to increased IT investment to remain competitive, regardless of economic conditions. That said, there are rising fears of a recession in 2023, and discrete and process manufacturing are two of the most exposed industries to watch," says Simon Ellis, VP, Manufacturing Insights and Worldwide Supply Chain, at IDC.


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