Global survey reveals top workforce concerns, evolving
strategic priorities, and key technology investment areas for life
sciences manufacturers
BRUSSELS, July 31, 2024 /PRNewswire/ -- Rockwell
Automation, Inc. (NYSE: ROK), the world's largest company dedicated
to industrial automation and digital transformation, today
announced the results of the 9th annual "State of Smart
Manufacturing Report: Life Sciences Edition." The global study
encompasses the responses of 111 leaders from life sciences
manufacturers across 15 of the leading manufacturing countries.
This year's report spotlights the evolution of the life sciences
industry, with an emphasis on leveraging emerging technologies to
minimize risks, manage supply chains, and enhance workforce
potential. Leaders in life sciences recognize that sustaining
growth and innovation necessitates a highly skilled workforce,
highlighting the vital need for consistent and substantial
investment in workforce development
Key global findings include:
- Workforce issues are listed as the top external obstacle for
life sciences manufacturers in 2024, ahead of inflation and
economic growth.
- 96% of life sciences manufacturers are using or evaluating
smart manufacturing technologies in 2024.
- Technology investments increased to 31% of the operating
budget.
- Balancing quality and profitable growth is the top internal
obstacle facing life sciences manufacturers in 2024.
- Generative design is listed as the top investment area in 2024,
followed by generative or causal AI.
- Rising cost of labor and finding skilled workers is the top
workforce-related obstacle for life sciences manufacturers in
2024.
- Commitment to environmentally friendly processes throughout the
product lifecycle is the factor that matters most to life sciences
manufacturers' ESG programs.
"The life sciences industry is at a pivotal juncture, navigating
through rapid technological advancements, evolving workforce
dynamics and shifting global demands," said Gagan Naeger, vice president, global industry –
life sciences, at Rockwell Automation. "As life sciences
manufacturers continue to feel immense pressures to bring products
to market faster, this year's report reveals the importance of
balancing technological innovation with workforce development to
drive positive business outcomes."
Life sciences manufacturers are prioritizing strategies to
retain, upskill, and engage their workforce. Technologies, such as
automation and smart manufacturing solutions, that complement and
enhance the value brought by their workers are key to not only
overcoming current obstacles but also fostering growth and
innovation in an increasingly complex landscape.
"Leveraging our deep industry expertise and diverse portfolio of
innovative solutions, Rockwell stands out as an invaluable partner
for life sciences companies worldwide," said Naeger. "Regardless of
a company's current stage in their journey towards digital
transformation and smart manufacturing, we can meet them where they
are to help them achieve long-term, sustainable growth."
The full findings of the report can be found here.
Methodology
This report is based on the responses of 111 managers and
executives from Life Sciences manufacturers in 15 countries. It's
part of the 9th annual State of Smart Manufacturing report, which
surveyed 1,567 manufacturing leaders across multiple industries and
was conducted in association with Sapio Research and Rockwell
Automation.
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 29,000
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.
Logo -
https://mma.prnewswire.com/media/1981317/Rockwell_Automation_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/new-study-finds-labor-challenges-outrank-economic-growth-concerns-among-life-sciences-manufacturers-302210919.html