Unplanned Downtime Costs Manufacturers $852 Million Weekly, Fortive Finds
Fortive Corporation, through its subsidiary Fluke Corporation, has published a new industry analysis revealing that unplanned downtime is costing manufacturers up to $852 million each week. The survey, which included 600 respondents from the Food & Beverage, Oil & Gas, Life Sciences, and Automotive sectors in Germany, the UK, and the US, found that 61 percent of manufacturers experienced unplanned downtime in the past year. Nearly half reported 6-10 downtime incidents weekly, with some facing up to 20. Individual incidents can last up to 72 hours and cost as much as $42.6 million-highlighting significant risks to profitability and competitiveness at the board level. The report also notes that current industry responses remain fragmented, with investments scattered across digital solutions such as predictive maintenance, digital twins, and condition monitoring. Fortive's analysis calls for a more strategic, boardroom-level approach to digital investment and operational resilience.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortive Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565294-en) on October 30, 2025, and is solely responsible for the information contained therein.
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