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The 2024 Formic State of U.S. Manufacturing Report
Get insights and market trend analysis to inform your 2024 strategy from hard data, challenges, and strategic initiatives compiled from U.S. manufacturers just like you. Learn what owners, operations managers, and other business leaders expect from the year ahead and how they are planning their roadmap for success in 2024.
Leverage this industry insider information to write the winning playbook to scale and grow your business this year.
What you'll learn:
- Top Manufacturing Challenges
- Leading Areas For Investment
- Projected Revenue Growth Rates
- Impact Of Labor Shortage & Rising Costs
- Reported Labor Costs By State
- Automation Adoption For 2024
Founded in 2020, Formic is accelerating the adoption of automation across small to mid-sized U.S. manufacturers and boosting productivity by removing the risk, complexity, upfront capital, and expertise that typically exist as barriers to onboarding this transformative technology. Our “Robotics-as-a-Service” model delivers automation at a low hourly rate with contractually guaranteed performance. Customers only pay for the time the machines are producing for the business.
With a full-service offering that includes everything from specifying and deployment to 24/7 monitoring, maintenance, and upgrades - all for $0, we're creating an innovative and accessible competitive advantage for small and mid-sized factories to enable scale and growth that was once only available to large companies.
Trusted by America's Small & Mid-Market Manufacturers
“Formic has skin in the game because they're incentivized based on when the machine is running, not when it is down.”
“Formic really centralizes and democratizes the capabilities of robotics in a way we've never seen before.”
“We've been looking at automation for a few years... Not having any upfront costs (with Formic) was very attractive and helped ease the minds of owners during our capital planning meetings.”