New Study Finds Workforce Challenges Emerge as a Top Concern Among CPG Manufacturers
Global study reveals critical workforce issues, risingtechnology budgets, and evolving strategic priorities for CPGmanufacturers
BRUSSELS, June 28, 2024 /PRNewswire/ -- RockwellAutomation, Inc. (NYSE: ROK), the world's largest company dedicatedto industrial automation and digital transformation, todayannounced the results of the 9th annual "State of SmartManufacturing Report: CPG Edition." The global study encompassesthe responses of 158 leaders from CPG manufacturers, inclusive ofhome 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 maximizeworkforce potential, improve forward planning and minimize risk.CPG leaders acknowledge that neglecting to adapt to the industry'stransformation can stifle growth and competitiveness, especiallyconsidering that the manufacturing sector could see up to 2.1million unfilled jobs by 2030 if current workforce challenges arenot addressed.
Key global findings include:
- Workforce issues, inflation and the energy crisis are the topexternal obstacles for CPG manufacturers in 2024.
- 86% of CPG manufacturers are using or evaluating smartmanufacturing 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 investmentareas for CPG manufacturers in 2024, ranking second overall.
- Training current employees on new processes is the topworkforce-related obstacle for CPG manufacturers in 2024.
- Product quality is the factor that matters most to CPGmanufacturers' ESG programs.
"As CPG manufacturing leaders navigate a complex and evolvinglandscape, they are realizing that the ability to support theirworkforce will be a critical factor for success," said Steve Deitzer, vice president, Global Industry –CPG, at Rockwell Automation. "This year's report underscores theneed for CPG manufacturers to prioritize workforce development, asensuring employees are well-trained and equipped to leverageemerging technologies will be essential in overcoming industrychallenges and achieving sustainable growth."
CPG manufacturers are prioritizing technologies, including smartmanufacturing and automation, that enhance and augment the value oftheir employees to attract, engage and retain their workforce.
"With our extensive industry knowledge and a broad range ofindustry solutions, Rockwell is uniquely positioned to be a trustedadvisor for CPG companies globally," said Deitzer. "No matter wherecompanies stand in their digital transformation and smartmanufacturing efforts, we meet them where they are so they canachieve sustainable growth."
The full findings of the report can be found here.
Methodology
This report is based on the responses of 158 managers andexecutives from CPG manufacturers in 17 countries. It's part of the9th annual State of Smart Manufacturing report, which surveyed1,567 manufacturing leaders across multiple industries and wasconducted in association with Sapio Research and RockwellAutomation.
About Rockwell Automation
Rockwell Automation, Inc.(NYSE: ROK), is a global leaderin industrial automation and digital transformation. We connect theimaginations of people with the potential of technology to expandwhat is humanly possible, making the world more productive and moresustainable. Headquartered in Milwaukee,Wisconsin, Rockwell Automation employs approximately 29,000problem solvers dedicated to our customers in more than 100countries. To learn more about how we are bringing the ConnectedEnterprise to life across industrial enterprises,visitwww.rockwellautomation.com.
About the Rockwell Automation PartnerNetwork™
Rockwell Automation believes we're better together—and we do ourpart by delivering an expansive, global partner ecosystem ofmarket-leading technology, superior support and services, and anintegrated and streamlined approach to business. Succeed on aninternational scale by utilizing our network's breadth ofinnovative technologies and services that no single vendor canprovide alone. To learn more about how the PartnerNetwork ishelping to deliver the value of The Connected Enterprise®, visitPartnerNetwork Program.
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