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The Hidden Cost of Downtime: Manufacturing Checklist

Sept. 26, 2024
We surveyed executives across the Global 2000 to explore the depths of downtime: what it costs, what causes it, and what leading organizations are doing right. Here, we highlight findings from respondents in the manufacturing industry.

Manufacturing experiences more cybersecurity-related downtime than most industries. So, it’s no surprise that manufacturers encounter high annual downtime costs – including $58M in lost revenues.

In “The Hidden Costs of Downtime in Manufacturing,” we identify impacts, causes, and what leaders are doing to keep everything from the top floor to the factory floor more resilient.

● $255M is the average annual cost of downtime for manufacturers.
●  60% of respondents say human error is the top cybersecurity-related downtime cause. 
● 49% use generative AI features embedded into existing tools to manage downtime.

 

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