Increased investment in automation benefits consumer packaged goods companies
New survey reveals big data analytics and collaborative robots seen as potential game changers
PMMI, The Association for Packaging and Processing Technologies, has released its findings on automation’s impact on consumer packaged goods (CPG) companies. The organization’s new survey “Automation in CPG Companies” finds that as automation increases in importance and usability in the manufacturing sector, collaborative robots (cobots), artificial intelligence and big data can be three distinct drivers of investment and performance.
Those that are utilizing automation—particularly in the packaging sector—find themselves with a distinct competitive advantage over competitors taking a “wait and see” approach. And it appears that CPGs are aware of the growing chasm. Forty-four percent indicated that they are at least planning to increase investment in one key area driving enhancements in automation—big data analytics capabilities—in the next 18-24 months.