Asia-Pacific Organizations Are Most Receptive to Smart Manufacturing Usage Globally

Smart manufacturing adoption accelerated by 50% globally in 2021, and these new technologies are now solving the industry’s critical challenges according to a study Plex Systems, a Rockwell automation company.

In its 7th annual study, “The State Of Smart Manufacturing report”, it said that. Asia-Pacific (APAC) organizations (93%) view smart manufacturing as “very” or “extremely” important to future success, compared to North America (NA) (84%) and Europe, Middle East, and Africa (EMEA) (75%).

Reflecting their optimistic attitude towards smart manufacturing, it said that most APAC organizations reported a shorter timeframe – “within the next 7 to 11 months” – for the adoption of smart manufacturing solutions, compared with NA and EMEA’s majority response of “within the next 1-2 years”.

The global study surveyed more than 300 manufacturers in a variety of industries including automotive, aerospace, food and beverage, electronics, consumer goods, plastics and rubber, precision metal forming, and more. This year’s report, conducted in collaboration with Hanover Research, offers valuable insights into trends, challenges, and future plans for global manufacturers.

“This report aims to help manufacturers benchmark their technology strategy and incorporate smart manufacturing best practices to stay competitive and thrive,” said 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.”

The report’s findings show the pandemic both exposed and exacerbated pre-existing conditions in manufacturing. Skilled worker shortages, competition, and supply chain disruptions are the top three challenges being faced by Asia-Pacific organizations because of the pandemic. With that in mind, nine in 10 APAC respondents (93%) believe smart manufacturing is key to their organization’s future success.

“Asia’s manufacturing sector has been adversely impacted by the pandemic and global crises such as the civil unrest in eastern Europe. As a key global hub for manufacturing which accounts for nearly half of the worldwide manufacturing output, Asia-Pacific economies are depending on their industrial sectors to drive recovery post-pandemic,” said Steven Chiu, Asia-Pacific sales leader, Plex Systems.

“The adoption of smart manufacturing solutions, such as cloud-based technologies, has become imperative for APAC organizations to stay competitive and thrive. The report findings show that organizations in the region are placing significant value on using such technologies to address and improve actual business outcomes,” Chiu added.

Previous articleComex Gold Negative Momentum Gathers Pace, E-Mini Dow :A Pullback For Consolidation And WTI Crude: Falling Below USD100
Next articleLightspeed Raises Over $7 Billion To Fund Early And Growth-Stage Entrepreneurs

LEAVE A REPLY

Please enter your comment!
Please enter your name here