“We’ve skilled 20 years of evolution in 2 years.”
This quote from CEO Blake Moret resonates all through the findings of our 2023 State of Good Manufacturing Report, which surveyed 1,353 international producers.
The world has modified, and manufacturing has modified with it, however there may be extra to do. Expert labor – and labor of any variety – continues to be elusive throughout the globe. As producers proceed to hunt alternatives for worthwhile progress, they’re discovering that uncertainty in workforce availability is impacting high quality, together with their means to fulfill their clients’ wants and remodel at tempo. They’re addressing this affect by utilizing expertise to extract knowledge from their operations and assemble actionable insights. We’re additionally seeing how expertise helps the trade speed up their agility and aggressive differentiation.
The clear message coming from this report is that producers view expertise as a bonus for enhancing high quality, agility, innovation, and to draw the following era of expertise. Producers anticipate to mitigate danger via expertise tied to processes and other people to construct resiliency and drive future success.
Hopefully you discover the report helpful in benchmarking your group towards friends and as a catalyst for taking motion to drive transformation that may ship differentiated enterprise outcomes in your trade. Earlier than you dive into the outcomes, listed here are some key takeaways from the findings.
2x as many respondents say they lack the expertise to outpace the competitors, in comparison with final yr’s survey
Current years have made a compelling enterprise case for a lot of newer applied sciences as disruption has demanded accelerated adoption. This unprecedented tempo of change is creating aggressive strain throughout the trade.
Sustainability and ESG are integral to Manufacturing
Over 95% of respondents famous some degree of sustainability and/or ESG coverage during the last two years, whether or not formal or casual. Rules at the moment are making use of strain throughout the worth chain for all firms to deal with sustainability and ESG of their operations. Good manufacturing expertise options will help.
Over 50% extra producers are utilizing Machine Studying/Synthetic Intelligence in comparison with final yr
This quantity will proceed to rise as producers see the affect that accessible machine studying/ synthetic intelligence can have on their enterprise. Improved high quality, productiveness, and interesting expertise to make use of knowledge pushed insights for determination making are a few of the advantages.
A 3rd of producers are hampered by ‘expertise paralysis’ – an incapacity to determine between options
Know-how is demonstrated all through the report as being essential to mitigating danger and delivering progress, so producers should overcome indecision by selecting a accomplice with related experience and expertise who can advise and information them in implementing a fit-for-purpose answer.
97% of individuals reported plans to make use of sensible manufacturing expertise
Good manufacturing options allow and optimize extra agile, resilient manufacturing processes, empower the workforce, handle danger, drive sustainability, and speed up transformation.
Whereas the panorama just isn’t predictable, historical past is obvious in exhibiting that adversity ignites innovation and creates alternative. Producers with the suitable imaginative and prescient, technique, bias for motion, and companions will seize this second to outpace their rivals and forge a vibrant future.
