2023 State of Smart Manufacturing Report
Finds over 45% of Asia-Pacific manufacturers struggle to outpace competitors, due to lack of innovation, skilled Workforce and technology. Rockwell Automation has announced the results of the 8th annual “State of Smart Manufacturing Report.” The global study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries including Australia, China, India, Japan and the Republic of Korea. This year’s report reveals a focus on delivering profitable growth without sacrificing quality, an emphasis on accessing data’s true potential, and increasing adoption of technology to build resilience, enable agility, increase sustainability, and address workforce challenges. Key findings include: “Balancing quality and growth,” and “tracking or quantifying sustainable practices” are the biggest internal obstacles inhibiting progress for Asia-Pacific (APAC) manufacturers this year, compared to deploying and integrating new technology in 2022. Globally, twice as many manufacturers believe their organization lacks the technology needed to outpace the competition, as compared to 2022. Four out of five manufacturers still lack an end-to-end supply chain planning solution. Close to half (44%) of APAC manufacturers plan to adopt smart manufacturing within the next year; out of this, China (80%), Australia (60%) and India (59%) are already using some components of smart manufacturing. The biggest barriers to adopting smart manufacturing for APAC manufacturers are employee resistance to technology adoption and change, lack of skill set to manage smart manufacturing implementation, and lack of clear definition of the value/ROI of smart manufacturing. Quality management system (QMS) is the smart manufacturing system that APAC respondents have seen the largest ROI, followed by manufacturing execution system (MES) and enterprise resource planning (ERP). Cybersecurity risks rank highest as the obstacle all respondents are looking to mitigate with smart manufacturing initiatives. 88% of APAC manufacturers plan to maintain or grow employment due to technology adoption. Additionally, 39% of respondents believe they […]