Global study reveals critical workforce issues, rising
technology budgets, and evolving strategic priorities for CPG
manufacturers
BRUSSELS, June 28, 2024 /PRNewswire/ -- Rockwell
Automation, Inc. (NYSE: ROK), the world's largest company dedicated
to industrial automation and digital transformation, today
announced the results of the 9th annual "State of Smart
Manufacturing Report: CPG Edition." The global study encompasses
the responses of 158 leaders from CPG manufacturers, inclusive of
home and personal care, as well as food and beverage manufacturers,
across 17 of the leading manufacturing countries.
This year's report highlights the evolution of the CPG industry,
specifically about utilizing emerging technologies to maximize
workforce potential, improve forward planning and minimize risk.
CPG leaders acknowledge that neglecting to adapt to the industry's
transformation can stifle growth and competitiveness, especially
considering that the manufacturing sector could see up to 2.1
million unfilled jobs by 2030 if current workforce challenges are
not addressed.
Key global findings include:
- Workforce issues, inflation and the energy crisis are the top
external obstacles for CPG manufacturers in 2024.
- 86% of CPG manufacturers are using or evaluating smart
manufacturing technology in 2024.
- Technology investments increased 26% year-over-year, from 21%
to 27% of the operating budget.
- Blockchain technology is listed as one of the top 10 investment
areas for CPG manufacturers in 2024, ranking second overall.
- Training current employees on new processes is the top
workforce-related obstacle for CPG manufacturers in 2024.
- Product quality is the factor that matters most to CPG
manufacturers' ESG programs.
"As CPG manufacturing leaders navigate a complex and evolving
landscape, they are realizing that the ability to support their
workforce will be a critical factor for success," said Steve Deitzer, vice president, Global Industry –
CPG, at Rockwell Automation. "This year's report underscores the
need for CPG manufacturers to prioritize workforce development, as
ensuring employees are well-trained and equipped to leverage
emerging technologies will be essential in overcoming industry
challenges and achieving sustainable growth."
CPG manufacturers are prioritizing technologies, including smart
manufacturing and automation, that enhance and augment the value of
their employees to attract, engage and retain their workforce.
"With our extensive industry knowledge and a broad range of
industry solutions, Rockwell is uniquely positioned to be a trusted
advisor for CPG companies globally," said Deitzer. "No matter where
companies stand in their digital transformation and smart
manufacturing efforts, we meet them where they are so they can
achieve sustainable growth."
The full findings of the report can be found here.
Methodology
This report is based on the responses of 158 managers and
executives from CPG manufacturers in 17 countries. It's part of the
9th annual State of Smart Manufacturing report, which surveyed
1,567 manufacturing leaders across multiple industries and was
conducted in association with Sapio Research and Rockwell
Automation.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader
in industrial automation and digital transformation. We connect the
imaginations of people with the potential of technology to expand
what is humanly possible, making the world more productive and more
sustainable. Headquartered in Milwaukee,
Wisconsin, Rockwell Automation employs approximately 29,000
problem solvers dedicated to our customers in more than 100
countries. To learn more about how we are bringing the Connected
Enterprise to life across industrial enterprises,
visit www.rockwellautomation.com.
About the Rockwell Automation PartnerNetwork™
Rockwell Automation believes we're better together—and we do our
part by delivering an expansive, global partner ecosystem of
market-leading technology, superior support and services, and an
integrated and streamlined approach to business. Succeed on an
international scale by utilizing our network's breadth of
innovative technologies and services that no single vendor can
provide alone. To learn more about how the PartnerNetwork is
helping to deliver the value of The Connected Enterprise®, visit
PartnerNetwork Program.
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