{"id":739727,"date":"2023-03-14T07:03:41","date_gmt":"2023-03-14T11:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/"},"modified":"2023-03-14T07:03:41","modified_gmt":"2023-03-14T11:03:41","slug":"new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/","title":{"rendered":"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce<\/b><\/p>\n<p class=\"bwalignc\"><i>Global survey reveals impact of smart manufacturing technology on maximizing data insights, attracting talent, and minimizing risks to supply chain, quality, and cybersecurity<\/i><\/p>\n<p>MILWAUKEE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced the results of the 8<sup>th<\/sup> annual \u201c<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2Fen-us%2Fcapabilities%2Fdigital-transformation%2Fstate-of-smart-manufacturing.html%3Futm_campaign%3DInformationSolutions_MultiAudience_Global_XX_EN_CMP-03861-R8H8Z1%26utm_medium%3Dpublic_relations%26utm_source%3DMarketing%26utm_content%3DPressRelease_report&amp;esheet=53361425&amp;newsitemid=20230314005374&amp;lan=en-US&amp;anchor=State+of+Smart+Manufacturing+Report&amp;index=1&amp;md5=b6cdce5c08785bbf318b396e4df28fbc\">State of Smart Manufacturing Report<\/a>.\u201d The global study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/1737033\/4\/SoSM1.jpg\" alt=\"Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThis year\u2019s report reveals a focus on delivering profitable growth without sacrificing quality, an emphasis on accessing data\u2019s true potential, and increasing adoption of technology to build resilience, enable agility, increase sustainability, and address workforce challenges.\n<\/p>\n<p>\nKey global findings include:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nTwice as many manufacturers believe their organization lacks the technology needed to outpace the competition, as compared to 2022.\n<\/li>\n<li>\n4 out of 5 manufacturers still lack an end-to-end supply chain planning solution.\n<\/li>\n<li>\nCybersecurity risks rank highest as the obstacle respondents are looking to mitigate with smart manufacturing initiatives.\n<\/li>\n<li>\n45% of manufacturers cite \u201cimproving quality\u201d as the main positive outcome they want to achieve with smart manufacturing initiatives.\n<\/li>\n<li>\n89% of manufacturers plan to maintain or grow employment due to technology adoption. Additionally, 36% of respondents believe they will be able to repurpose existing workers due to their increasing use of technology.\n<\/li>\n<li>\nOf the 95% of manufacturers who have formal or informal ESG policies in place, 42% cite \u201cimproving efficiencies\u201d as the top driving factor for pursuing ESG initiatives.\n<\/li>\n<\/ul>\n<p>\n\u201cManufacturers are continuing to seek opportunities for profitable growth but are realizing that uncertainty in workforce availability is impacting quality, along with their ability to meet evolving customer needs,\u201d said Veena Lakkundi, senior vice president, Corporate Strategy and Development, Rockwell Automation. \u201cThe survey found that smart manufacturing technology is enabling manufacturers of all sizes to optimize more resilient, agile, and sustainable solutions that accelerate transformation. If we\u2019ve learned anything from history, it\u2019s that organizations that invest in innovation, with a bias for action, during times of uncertainty can outpace competitors.\u201d\n<\/p>\n<p>\nBased on the survey findings, technology is crucial to mitigating risk and delivering growth. However, for one-third of manufacturers, the range of available systems and platforms is leading to \u201ctechnology paralysis\u201d \u2013 an inability to decide between solutions. Manufacturers can overcome this indecision by choosing a partner with relevant industry expertise and experience who can advise and guide them in implementing a fit-for-purpose solution to achieve desired outcomes.\n<\/p>\n<p>\n\u201cAt Rockwell, we combine the power of our portfolio of industry solutions with our second-to-none partner ecosystem to serve as a trusted advisor to leading companies around the world,\u201d said Lakkundi. \u201cAs the biggest company focused solely on industrial automation and digital transformation, we work to make the complex simple and meet companies where they are in their journeys.\u201d\n<\/p>\n<p>\nThe full findings of the report can be found <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2Fen-us%2Fcapabilities%2Fdigital-transformation%2Fstate-of-smart-manufacturing.html%3Futm_campaign%3DInformationSolutions_MultiAudience_Global_XX_EN_CMP-03861-R8H8Z1%26utm_medium%3Dpublic_relations%26utm_source%3DMarketing%26utm_content%3DPressRelease_report&amp;esheet=53361425&amp;newsitemid=20230314005374&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=2ed2b9ae667f789d42e9342211428978\">here<\/a>.\n<\/p>\n<p><b>Methodology<\/b><\/p>\n<p>\nThis 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.\n<\/p>\n<p><b>About Rockwell Automation<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2Fen-us.html&amp;esheet=53361425&amp;newsitemid=20230314005374&amp;lan=en-US&amp;anchor=Rockwell+Automation%2C+Inc.&amp;index=3&amp;md5=24d01fb4fbcb16554024cd270316bc16\">Rockwell Automation, Inc.<\/a> (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 26,000 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rockwellautomation.com%2F&amp;esheet=53361425&amp;newsitemid=20230314005374&amp;lan=en-US&amp;anchor=www.rockwellautomation.com&amp;index=4&amp;md5=717dc2ef9ca353380879e8827c0a1c22\">www.rockwellautomation.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230314005374r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/<\/a><\/span><\/p>\n<p>\nMichelle Anderson<br \/>\n<br \/>Public Relations Lead<br \/>\n<br \/>+1 414-218-8008<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Michelle.Anderson@rockwellautomation.com\">Michelle.Anderson@rockwellautomation.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Machinery Professional Services Hardware Electronic Design Automation Robotics Technology Semiconductor Other Manufacturing Engineering Human Resources Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/698546\/3\/New_RA_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/1737033\/3\/SoSM1.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce Global survey reveals impact of smart manufacturing technology on maximizing data insights, attracting talent, and minimizing risks to supply chain, quality, and cybersecurity MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced the results of the 8th annual \u201cState of Smart Manufacturing Report.\u201d The global study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/ Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739727","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce Global survey reveals impact of smart manufacturing technology on maximizing data insights, attracting talent, and minimizing risks to supply chain, quality, and cybersecurity MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced the results of the 8th annual \u201cState of Smart Manufacturing Report.\u201d The global study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/ Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire) &hellip; Continue reading &quot;New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T11:03:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/1737033\/4\/SoSM1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce\",\"datePublished\":\"2023-03-14T11:03:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/\"},\"wordCount\":749,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230314005374\\\/en\\\/1737033\\\/4\\\/SoSM1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\\\/\",\"name\":\"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/","og_locale":"en_US","og_type":"article","og_title":"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce - Market Newsdesk","og_description":"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce Global survey reveals impact of smart manufacturing technology on maximizing data insights, attracting talent, and minimizing risks to supply chain, quality, and cybersecurity MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; Rockwell Automation, Inc. (NYSE: ROK), the world\u2019s largest company dedicated to industrial automation and digital transformation, today announced the results of the 8th annual \u201cState of Smart Manufacturing Report.\u201d The global study surveyed more than 1,350 manufacturers across 13 of the leading manufacturing countries. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230314005374\/en\/ Rockwell Automation announced the results of the 8th annual \u201cState of Smart Manufacturing Report\u201d (Photo: Business Wire) &hellip; Continue reading \"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-14T11:03:41+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/1737033\/4\/SoSM1.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce","datePublished":"2023-03-14T11:03:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/"},"wordCount":749,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230314005374\/en\/1737033\/4\/SoSM1.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-state-of-smart-manufacturing-study-finds-over-40-of-manufacturers-struggle-to-outpace-competitors-due-to-lack-of-technology-and-skilled-workforce\/","name":"New State of Smart Manufacturing Study Finds Over 40% of Manufacturers Struggle to Outpace Competitors Due to Lack of Technology and Skilled Workforce - 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