PR Newswire
15 Mar 2023, 05:35 GMT+10
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Global survey reveals impact of smart manufacturing technology on maximizing data insights, attracting talent, and minimizing risks to supply chain, quality, and cybersecurity.
SINGAPORE, March 15, 2023 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, 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:
"Manufacturers 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," said Veena Lakkundi, senior vice president, Strategy and Corporate Development, Rockwell Automation. "The 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've learned anything from history, it's that organizations that invest in innovation, with a bias for action, during times of uncertainty can outpace competitors."
Based on the survey findings, technology is crucial to mitigating risk and delivering growth. However, for one-third of manufacturers globally, the range of available systems and platforms is leading to "technology paralysis" - 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.
"At 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," said Lakkundi. "As 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."
The full findings of the report can be found here.
Methodology
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, by Rockwell Automation. Out of the total number of respondents, 425 are based in Asia-Pacific in Australia, China, India, Japan and the Republic of Korea. 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.
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 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 www.rockwellautomation.com.
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