Parsec’s 2024 State of Manufacturing Survey:
North America
An exploration of modern manufacturing and organizational progress toward Industry 4.0.
Parsec’s 2024 State of Manufacturing Survey: North America
An exploration of modern manufacturing and organizational progress toward Industry 4.0.
Survey Results Snapshot
Ongoing Struggles
Supply chain disruptions rated as “very” or “extremely” challenging by 71%
Shifting Strategies
41% diversifying suppliers, 37% boosting inventory, 36% adding new tech
AI Talent Gap
30% cite lack of talent as a barrier; 83% expect AI adoption within 4 years
Reshoring Hurdles
45% lack facilities; 44% struggle with workforce for reshoring efforts
In a survey of 600 leaders from North American manufacturing companies, Parsec’s State of Manufacturing 2024: North America report pulls back the curtain on the key challenges today’s manufacturers face. The report digs into the ways manufacturers are adapting strategies amid a complex geopolitical backdrop, an ongoing labor shortage, and pressure to embrace digital tools. Parsec’s 2024 survey explores how leaders are weighing the risks and rewards of technology investments, ensuring resiliency, and minimizing disruptions throughout their supply chain operations.
Survey Highlights
- Contending with supply chain disruptions remains “very” or “extremely” challenging for nearly three-quarters (71%) of North American manufacturers, with economic downturns (38%) and lack of visibility (36%) cited as top challenges.
- Manufacturers are moving away from “just-in-time” fulfillment to promote resilience, opting to diversify suppliers (41%), increase inventory (37%), and implement new technologies (36%).
- While enthusiasm about AI remains high, 30% of respondents said a lack of talent is a key barrier to adoption. This could stall progress for the 83% of respondents anticipating widespread AI use within their companies within the next four years.
- Despite interest in reshoring, manufacturers remain concerned about a lack of suitable facilities (45%) and difficulties securing a skilled workforce (44%) in locations closer to home.
Download the survey to learn more.
Download our survey to learn more.
Want to learn more about how TrakSYS is optimizing manufacturing operations worldwide? Explore our customer-centric case studies now.
RFID for Inventory Management
Discover how RFID for inventory management can streamline your supply chain by providing real-time data, improving tracking accuracy, and optimizing inventory levels.
The State of Manufacturing: Labor & Staffing
Labor challenges span continents: what are manufacturers to do?
Parsec Achieves Transformative Growth in 2024 with Double-Digit ARR Increases and Global Expansion
Strong momentum in ARR growth, leadership expansion, and award-winning innovation position Parsec for a transformative 2025.
What is Traceability in Manufacturing?
Understand traceability in manufacturing, including forward and backward traceability, its role in quality control, supply chain management, and regulatory compliance.