Process manufacturing companies across all sectors and geographies are facing a crisis associated with rapidly aging infrastructure. In fact a recent study by The Economist reported that 87% of executives interviewed reported that aging infrastructure has had an impact on their operations with one in ten stating that it has caused severe problems in their facilities.
At the same time, these companies are faced with ever-increasing production demands, a need for rapid innovation, and a changing workforce population. All of these trends present a significant process safety and reputational risk for companies to manage.
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