Smart manufacturing technology

ICONS: ADOBE STOCK

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

95% 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.