A qualitative and quantitative assessment of the industry’s progress toward digitalization.
The result of a months-long process that included insights from over 660 European manufacturing companies, Parsec’s 2023 State of Manufacturing Survey: Europe, sheds light on the challenges and opportunities ahead for the sector. The comprehensive report reveals an industry in flux, caught between a desire to innovate and a reluctance to undertake widespread change during uncertain times. Addressing the observed concerns and keen on helping manufacturers chart a successful path forward, Parsec’s report further explores how embracing technology — despite perceived misgivings — can help manufacturers adapt to volatility and prepare for the unexpected.
Survey Highlights
- Manufacturers are pleased with digital transformation but may need to go further, as 31% of “fully transformed” companies still collect most or all their data using non-digital processes.
- Supply chain issues remain top of mind, with 52% of manufacturers saying their organizations are “hardly” or “somewhat” prepared to weather a storm.
- Manufacturers anticipate using AI/ML, but less than one-third (32%) feel their businesses are “very” or “extremely” prepared to leverage this advanced technology.
- MES technology is facing a knowledge gap, with 71% of manufacturers who report being familiar with — but not yet using MES — saying they lack the resources (37%) or the budget (34%) to implement this advanced technology.
