Rockwell Automation has announced the results of its 8th annual “State of Smart Manufacturing Report.” It reveals a focus on delivering profitable growth without sacrificing quality, an emphasis on accessing data’s true potential, and increasing adoption of technology to build resilience, enable agility, increase sustainability and address workforce challenges.
The survey results also show the impact of smart manufacturing technology on minimizing risks to supply chain, quality and cybersecurity.
Several of the findings include:
- Twice as many manufacturers believe their firm 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.
“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, senior vice president, 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.”
Manufacturers can use this report to help benchmark their organization and support transformation to deliver differentiated business outcomes. The report includes a Technology Adoption Plan to help turn insights into action.
This report analyzed feedback from 1,353 respondents from 13 of the top manufacturing countries with roles from management up to the C-suite and was conducted in association with Sapio Research and Plex Systems. The survey covered discrete, process and hybrid industries across a balanced distribution of company sizes with revenues spanning $10 million to more than $10 billion.
The Journal From Rockwell Automation and Our PartnerNetwork™ is published by Endeavor Business Media.
