Express Computer
Home  »  News  »  New study finds workforce challenges emerge as a top concern among CPG manufacturers

New study finds workforce challenges emerge as a top concern among CPG manufacturers

0 103

Rockwell Automation, Inc. announced the results of the 9th annual “State of Smart Manufacturing Report: CPG Edition.” The global study encompasses the responses of 158 leaders from CPG manufacturers, inclusive of home 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 maximize workforce potential, improve forward planning and minimize risk. CPG leaders acknowledge that neglecting to adapt to the industry’s transformation can stifle growth and competitiveness, especially considering that the manufacturing sector could see up to 2.1 million unfilled jobs by 2030 if current workforce challenges are not addressed.

The State of Smart Manufacturing Report reveals several key global findings for 2024. Workforce issues, inflation, and the energy crisis emerge as the top external obstacles faced by CPG manufacturers. Despite these challenges, 86% of CPG manufacturers are either using or evaluating smart manufacturing technology. This trend is underscored by a 26% year-over-year increase in technology investments, now comprising 27% of operating budgets. Notably, blockchain technology ranks second among the top 10 investment areas for CPG manufacturers. However, training current employees on new processes remains the leading workforce-related challenge. Additionally, product quality stands out as the most critical factor in CPG manufacturers’ ESG programs.

Dilip Sawhney, Managing Director, Rockwell Automation India, said: “India’s CPG sector is at a pivotal juncture, where the integration of advanced technologies with a well-trained workforce is crucial to address industry’s evolving business challenges and sustainability goals.”

“We are committed to supporting Indian CPG manufacturers on their journey towards smart manufacturing. By leveraging our deep industry expertise and comprehensive solutions, we aim to help companies meet current demands, strengthen competitiveness, build resiliency, drive innovation, and achieve long-term success,” added Dilip.

CPG manufacturers are prioritising technologies, including smart manufacturing and automation, that enhance and augment the value of their employees to attract, engage and retain their workforce.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image