State of Smart Manufacturing Report 2024: CPG Edition

Workforce topped the list of internal obstacles to growth. CPG manufacturers are targeting strategies that will help them retain, upskill and engage the workforce. Technologies that complement and augment the value brought by people are where they see positive business outcomes being created. 

While CPG’s investment in technology has risen overall, adoption remains slightly lower than other industries. As smart manufacturing adoption continues to accelerate, manufacturers that do not invest in technology run the risk of falling behind the competition.

CPG manufacturers are seeing solid returns on investment from production monitoring systems—in contrast to our cross-section of industry respondents who don’t include this technology in their top 5.