
2x as many believe their organization lacks the technology needed to outpace the competition (compared to 2022)
4 out of 5 lack an end-to-end supply chain planning solution
Cybersecurity – Highest obstacle to mitigate with smart manufacturing initiatives
45% cite improving quality as the outcome they want to achieve with smart manufacturing initiatives
89% plan to maintain, grow employment due to technology adoption
36% can repurpose existing workers with increasing use of technology95% have formal or informal environmental, social, and governance (ESG) policies in place; 42% cite improving efficiencies as the top driving factor for pursuing ESG initiatives
97% are using or plan to use smart manufacturing technology during the next 1 to 2 years
2/3+ believe technology can be very helpful or extremely helpful in addressing workforce challenges
50%+ increase in those using machine learning/artificial intelligence compared to 2022
NOTE: 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 over $10 billion, providing a wide breadth of manufacturing business perspectives.
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