The rise in AI adoption coincides with an increase in reshoring efforts, with 76% of CEOs having successfully reshored some or all of their overseas facilities. However, as American manufacturing becomes more high-tech, CEOs are concerned about attracting highly skilled talent, with 56% struggling to find qualified employees. Despite these challenges and potential 'black swan' events, 70% of CEOs are optimistic about beating last year's sales, and 65% believe the future remains bright.
Key takeaways:
- Nearly 70% of manufacturing CEOs who have invested in AI technologies within the last year have seen a significant return on investment in supply chain management, quality control, and procurement.
- The majority of CEOs are deploying AI in supply chain management (76%), followed by procurement (71%), quality control (47%), and automation (37%).
- 76% of CEOs have successfully reshored some or all of their overseas facilities, or are in the process of doing so, a significant increase from previous quarters.
- Despite the increasing high-tech nature of American manufacturing, CEOs are struggling to find qualified employees, with 56% reporting difficulties in the current labor market.