New Study Finds Workforce Challenges Emerge as a Top Concern Among CPG Manufacturers

A recent global study conducted by Rockwell Automation, Inc. has revealed that workforce challenges have emerged as a top concern among Consumer Packaged Goods (CPG) manufacturers. The study, which surveyed over 400 CPG manufacturers across the globe, highlights the critical workforce issues, rising technology budgets, and evolving strategic priorities for CPG manufacturers.

Workforce Challenges

The study found that 62% of CPG manufacturers identify workforce challenges as a major concern for their business. This includes difficulties in attracting and retaining skilled workers, as well as managing an aging workforce. The survey also revealed that 45% of respondents believe that workforce issues will continue to be a major challenge for the next five years.

“The findings of this study confirm what we are seeing in the marketplace,” said Blake Moret, CEO of Rockwell Automation. “CPG manufacturers are facing significant workforce challenges, and they need solutions that can help them attract, retain, and develop the skills of their workers.”

Technology Budgets

The study also found that technology budgets for CPG manufacturers are on the rise. 67% of respondents reported an increase in technology spending over the past year, with 40% of them indicating a significant increase. The survey suggests that this increase in technology spending is driven by the need to improve operational efficiency and productivity, as well as to address workforce challenges.

Strategic Priorities

The study identified evolving strategic priorities for CPG manufacturers. While cost reduction remains a top priority, there is a growing focus on sustainability and environmental responsibility. 72% of respondents stated that they have implemented sustainability initiatives in their operations, with 45% of them reporting that these initiatives have had a positive impact on their business.

“CPG manufacturers are facing increasing pressure to reduce their environmental footprint,” said Moret. “Our study shows that many of them are taking steps to address this issue, and we expect to see even more innovative solutions in the future.”

Regional Differences

The study highlighted some regional differences in the challenges faced by CPG manufacturers. For example, respondents from North America identified workforce challenges as their top concern, while those from Europe and Asia reported that regulatory compliance is a major issue.

Implications for CPG Manufacturers

The study’s findings have significant implications for CPG manufacturers. To address the workforce challenges, manufacturers will need to invest in training and development programs, as well as adopt technologies that can help them attract and retain skilled workers. The study suggests that technologies such as augmented reality, virtual reality, and artificial intelligence can play a critical role in upskilling and reskilling workers.

“CPG manufacturers need to take a proactive approach to addressing their workforce challenges,” said Moret. “By investing in technology and training programs, they can create a more skilled and engaged workforce, which will be critical for their future success.”

Conclusion

The study conducted by Rockwell Automation highlights the critical workforce issues, rising technology budgets, and evolving strategic priorities for CPG manufacturers. The findings suggest that CPG manufacturers need to adopt innovative solutions to address these challenges and remain competitive in the marketplace. By investing in technology and training programs, CPG manufacturers can create a more skilled and engaged workforce, reduce their environmental footprint, and meet the evolving needs of consumers.