Fortive(US:FTV) Globenewswire·2025-10-30 12:00Core Insights - The manufacturing sector is facing a significant crisis due to unplanned downtime, with 61 percent of manufacturers experiencing such incidents in the past year, leading to weekly losses of up to $852 million [1][10] Summary by Sections Survey Findings - A survey conducted by Censuswide included over 600 senior decision-makers and maintenance professionals from the U.S., UK, and Germany [2][12] - Among the affected manufacturers, 48 percent reported experiencing 6–10 downtime incidents weekly, while 19 percent faced 11–20 incidents [2][13] - The duration of outages is concerning, with 45 percent of respondents indicating that outages last up to 12 hours, and 15 percent reporting incidents lasting up to 72 hours [2][13] Financial Impact - The average cost of downtime is estimated at $1.7 million per hour, with a single incident potentially resulting in losses of up to $42.6 million, equivalent to powering 2,500 manufacturing facilities for a week [3][13] - The financial implications of downtime represent a recurring operational challenge and a significant risk to profitability and resilience at the board level [3][6] Organizational Challenges - Large enterprises, particularly those with over 50,000 employees, report more severe risks, with 40 percent experiencing 11–20 downtime incidents weekly and 50 percent facing outages lasting up to 72 hours [4] - The industry’s response to downtime is fragmented, with manufacturers investing in various digital solutions such as predictive maintenance (12 percent), digital twins (12 percent), and condition monitoring (13 percent) [5] Strategic Recommendations - Fluke Corporation emphasizes the need for manufacturers to shift from reactive to proactive strategies regarding downtime, highlighting that quick fixes do not foster long-term resilience [6] - A clear plan to scale digital investments is essential, as current efforts are too dispersed to create a lasting impact [7]