Over 40% of manufacturers lack the technology and skilled workforce needed to outpace their competitors, according to a new survey from Rockwell Automation, Inc.
“Manufacturers are continuing to seek opportunities for profitable growth but are realizing that uncertainty in workforce availability is impacting quality, along with their ability to meet evolving customer needs,” says Veena Lakkundi, SVP, strategy and corporate development, Rockwell Automation. “The survey found that smart manufacturing technology is enabling manufacturers of all sizes to optimize more resilient, agile, and sustainable solutions that accelerate transformation. If we’ve learned anything from history, it’s that organizations that invest in innovation, with a bias for action, during times of uncertainty can outpace competitors.”
From PR Newswire:
• Twice as many manufacturers believe their organization lacks the technology needed to outpace the competition, as compared to 2022.
• Four out of five manufacturers still lack an end-to-end supply chain planning solution.
• Cybersecurity risks rank highest as the obstacle respondents are looking to mitigate with smart manufacturing initiatives.
• 45% of manufacturers cite “improving quality” as the main positive outcome they want to achieve with smart manufacturing initiatives.
• 89% of manufacturers plan to maintain or grow employment due to technology adoption. Additionally, 36% of respondents believe they will be able to repurpose existing workers due to their increasing use of technology.
• Of the 95% of manufacturers who have formal or informal ESG policies in place, 42% cite “improving efficiencies” as the top driving factor for pursuing ESG initiatives.
