Parsec’s 2024 State of Manufacturing Survey: Europe
Insights into manufacturing challenges and opportunities on the path to 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
Supply Chain Strains
Nearly 69% of respondents find supply chain issues “very” or “extremely” challenging
Strategic Shifts
48% diversify suppliers, 44% adopt new technologies, and 43% increase inventory levels
AI Talent Gap
34% cite a lack of skilled talent as a barrier; 99% expect AI adoption within 4 years
Reshoring Obstacles
47% struggle with finding facilities; 40% anticipate increased labor costs
In a survey of 600 manufacturing leaders across Europe, Parsec’s State of Manufacturing 2024 report uncovers the critical challenges and strategies shaping today’s manufacturing landscape. The report examines how European manufacturers are navigating geopolitical complexities, workforce shortages, and the transition to advanced digital tools. Parsec’s survey highlights the balance manufacturers must strike between risk and reward as they strive for resilience and operational efficiency.
Survey Highlights
- Nearly 69% of European manufacturers describe supply chain issues as “very” or “extremely” challenging. Key concerns include economic downturns (38%) and lack of visibility (38%).
- Manufacturers are prioritizing resilience by diversifying suppliers (48%), adopting new technologies (44%), and bolstering inventory levels (43%).
- A lack of skilled talent is a barrier to AI adoption for 34% of respondents, yet 99% anticipate AI integration within four years.
- Reshoring initiatives are hindered by facility constraints (47%) and labor cost adjustments (40%), though manufacturers pursuing reshoring see opportunities for improved quality control (40%) and regulatory compliance (45%).
Download our survey to learn more.
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