The Molds & Dies industry faces several significant challenges. One of the primary challenges is the increasing demand for molds and dies that are increasingly complex and precise. Meeting these requirements often necessitates advanced manufacturing techniques and technologies, which can be costly to implement and maintain. Additionally, stringent quality standards must be adhered to, adding pressure to ensure flawless production processes. Another challenge is the need to reduce production lead times and costs while maintaining high-quality standards. Fluctuating material prices further complicate matters, requiring manufacturers to adapt their pricing strategies accordingly. Moreover, evolving customer demands necessitate constant innovation and adaptation to remain competitive in the market.