Parsec's 2024 State of Manufacturing Survey: Europe

In a survey of 600 manufacturing leaders across Europe, Parsecs State of Manufacturing 2024 report uncovers the critical challenges and strategies shaping todays manufacturing landscape. The report examines how European manufacturers are navigating geopolitical complexities, workforce shortages, and the transition to advanced digital tools. Parsecs 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 the survey to learn more.