State of Initiative Report 2023

Jan. 24, 2024
A Return to Optimism

The past year presented manufacturers with a unique opportunity to build resilience and agility. COVID-stressed supply chains fostered a shift towards just-in-time and just-in-case mindsets, while
political and economic uncertainties prioritized reshoring and resourcing efforts. Robust demand for industrial and manufactured goods fueled financial performance and industry growth.

Since 2015, our State of the Initiative survey has captured diverse perspectives from over 3,500 respondents across various manufacturing roles. This rich data reveals a consistent interest in “working smarter, not harder” through digital transformation. However, successful implementation remains contingent on two crucial elements: committed leadership willing to prioritize digital transformation success and skilled talent capable of maximizing the investments made. Where these elements are present, success is nearly guaranteed. This year’s data vividly reveals that their absence, conversely, limits potential advancement.

Download this report to learn more! 

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