KEY SUCCESSES: Despite the challenges outlined above, Florida and South Florida’s manufacturing sector have demonstrated remarkable resilience and adaptability, securing significant wins in recent years.As mentioned earlier, Florida is now the 10th largest state for manufacturing in the U.S., home to over 424,000 employees and more than 24,000 manufacturers.The GDP of the state’s manufacturing sector from 2014 through 2022 grew at a faster rate than that of any other state.The primary verticals of manufacturing in South Florida include medical device manufacturing, pharmaceuticals, nutraceuticals, aerospace/aviation, fabrication, printing, and marine, among others. AREAS OF SUCCESS: 1. Technological Adoption: Some manufacturers in South Florida are embracing Industry 4.0, integrating technologies like automation, robotics, and artificial intelligence (AI) to streamline operations, reduce waste, and improve productivity. By adopting these technologies, manufacturers are not only enhancing their competitiveness but also creating new 67 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 01 SOUTH FLORIDA MANUFACTURERS ASSOCIATION
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