Foley White Paper Examines Top Legal Issues Facing Manufacturers in 2023
Foley & Lardner LLP today published its second annual Manufacturing White Paper examining the business and legal trends that will influence manufacturing industry business decisions in the year ahead.
As the global economy continues to face supply chain complexities, geopolitical tensions, and economic uncertainty, manufacturers continue to face rapid transformations across the sector. With new trade policies and increasing regulatory enforcement on the horizon, along with the growing race towards smart manufacturing and emergence of disruptive technologies like generative AI, manufacturers are reevaluating their business strategies and operations to balance risk and reward.
With the global technology race causing an ever-increasing series of opportunities and challenges, the eruption of generative AI has the potential to revolutionize manufacturing, especially in design and quality control, while also posing security risks and deepening digital divides. Capitalizing on the movement towards electrification and connectedness among manufacturers presents significant competitive advantages for those who adapt their processes, while managing and defending the complex cybersecurity threats introduced by Industry 4.0 will be critical to advancing the future of smart manufacturing.
Foley’s Manufacturing White Paper explores these transformational shifts in detailed sections, including:
- Electrified and Connected All at Once: New Challenges Facing Supply Chains, Best Practices, and Lessons Learned
- Cybersecurity Threats in the Manufacturing Industry
- The New Era of Customs Enforcement (and Compliance)
- Navigating the Domestic Content Compliance Minefield
- How to Protect Intellectual Property During Product Development
- 2023 CPSC and FDA Enforcement Trends
- Terminating Reseller Relationship Amidst the Network-Consolidation Trend: What Manufacturers Need to Know
- Top Environmental Issues Facing the Manufacturing Sector: The EPA Tackles Climate Change and Emerging Contaminants
- SEC Final Rules Mandating Compensation Clawbacks in Connection with a Restatement or Revision
- 2023 Manufacturing Sector M&A: Outlook and Tools to Maximize Strategic Transactions
- The Dawn of Generative AI in Manufacturing: Opportunities, Implications, and the Future
Attorneys in Foley’s Manufacturing Sector serve as go-to trusted advisors to manufacturing companies as they grow and innovate. The multidisciplinary team includes nearly 200 attorneys who find creative solutions on a broad range of legal and business issues to assist clients through challenges at every point in a business evolution. In addition to covering broad manufacturing issues, the team has groups focused on specific areas such as automotive, smart manufacturing, supply chain, sustainability, product stewardship, international trade, and national security issues.
To read the full white paper, click here.
About Foley & Lardner LLP
Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.