Manufacturing CEOs report ROI from artificial intelligence

Artificial intelligence (AI) is generating significant return on investment (ROI) in manufacturing processes such as supply chain management, quality control, and procurement, according to a report from Forbes, Xometry, and John Zogby Strategies. The majority of manufacturing CEOs who have invested in AI technologies within the last year have seen a significant ROI, with 76% deploying AI in supply chain management, followed by procurement (71%), quality control (47%), and automation (37%).

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.

Manufacturing CEOs report ROI from artificial intelligence

Key takeaways

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