Man in medical research lab. Graphics overlaid. Image from SOSM INFO-BR030A-EN-P - July 2024

Research Report

State of Smart Manufacturing Report 2024: Life Sciences Edition

Explore what’s trending in smart manufacturing for the Life Sciences industry.

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Overcoming Labor Shortages

The labor shortage in the Life Sciences sector is even more concerning than inflation and economic growth. Workforce issues top the table of external obstacles—four places higher than in our full report, which covers a cross-section of industries.

Technology Investments Rise

Similar to other industries, Life Sciences has increased its investment in technology to 31% of its operating budget.

Cloud / SaaS and Supply Chain Drive Biggest ROI

Life Sciences is seeing the biggest ROI from its investment in cloud and SaaS solutions, with supply chain planning (SCP) delivering the second biggest return.

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Hear from Life Sciences manufacturers
across the globe

Explore how the Life Sciences industry is harnessing emergent technology to reduce risk, generate growth and maximize workforce potential.

96%

are using or evaluating smart manufacturing technology

Less than half

of data collected is being used effectively

83%

have a sustainability / ESG policy in place

Labor shortage

was ranked as the biggest external obstacle for Life Sciences manufacturers

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We are pleased to share these results with you and hope that this global benchmark report provides a guide for successful decision making throughout 2024.

Blake Moret - CEO of Rockwell Automation

State of Smart Manufacturing Report 2024: Life Sciences Edition

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Download the report now for the latest research from across your industry to start mapping out your digital transformation journey.

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State of Smart Manufacturing webinar series

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