Manufacturing firms are paying little attention to information technology changes, despite reports of its ability to cause massive disruptions, a new report shows. According to the Kenya Association of Manufacturers quarter three manufacturing barometer released last week, only 7 per cent of industry manufacturers intend to increase their expenditure on information technology in the next six months. While at it, the manufacturers’ barometer also reported that only 8 per cent of the firms will set aside expenditure for internet commerce. This is 49 per cent and 42 per cent below the industry manufactures expenditure allocation for advertising and introduction of a new product in the next six months. This is unlike findings from the World Bank report, which indicate that the manufacturing sector must innovate fast in order to reap from the fast-growing digital evolution.

Source: The Star October 23, 2017 21:11 UTC