Smart Manufacturing is Key to Supply Chain Success

Once over-hyped technologies like cloud-based solutions and process automation are now solving today’s problems.

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More than 83% of respondents believe smart manufacturing is key to their organization’s future success, according to a survey conducted by Plex Systems, a Rockwell Automation company.

“This report aims to help manufacturers benchmark their technology strategy and incorporate smart manufacturing best practices to stay competitive and thrive,” says Jerry Foster, chief technology officer, Plex Systems. “A scalable technology strategy makes it possible to incrementally adopt solutions and achieve value quickly. As manufacturers look to streamline processes and solve today's challenges, they are placing significant value on using smart technology to address and improve actual business outcomes.”

From Plex Systems:

  • Smart manufacturing adoption accelerated by 50%. Technology and automation are driving the next generation of manufacturing, and smart manufacturing adoption will continue to accelerate in 2022.
  • The pandemic exposed three evolving business challenges. Supply chain management, skilled worker shortages and risk mitigation all require a new approach. In fact, 61% of respondents stated that they do not have a risk mitigation plan in place.
  • Once over-hyped technologies are now solving today’s problems. Cloud, industrial hardened devices and process automation are helping companies overcome challenges with the skilled worker shortage, supply chain management and risk mitigation. Specifically, 64% of organizations agree that technology can reduce hiring challenges and fuel growth in the next five years.