Failure at Industrial Transformation is Adversely Impacting the Financial Performance of CPG/F&B companies

Posted by Tom Comstock on March 16, 2022

Industrial Transformation (IX) is the proactive and coordinated approach to leveraging digital technologies to create step-change improvement across the value chain. IX is a key mechanism that Consumer Products and Goods/Food and Beverage (CPG/F&B) companies are using to address the changes rolling across their industry: pandemic driven demand fluctuations, worker shortages, increasing competition from local brands, new channels to the consumer, and ever-increasing use of contract manufacturers and copackers. Yet the industry is falling behind in IX and is paying the penalty in the form of sub-optimal financial performance compared to manufacturers more generally.

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Categories: Operational Excellence, Continuous Improvement, Industrial Automation, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, IT/OT, Industrial Transformation Analytics, Lighthouse Plants

From Lighthouse to Center of Excellence

Posted by Tom Comstock on August 31, 2021

In a recent blog post, our fearless leader, President and Principal Analyst Matthew Littlefield, noted that, “Although no one can argue with the technological innovation and productivity gains that lighthouse plants demonstrate, our data shows that including lighthouse plants as part of your Industrial Transformation (IX) program does not correlate to success.”  This post builds on that earlier post and drills into when lighthouse strategies can be effective and what is an alternative strategy more correlated to success.

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Categories: Operational Excellence, Industrial Transformation / Digital Transformation, IX Platform, Lighthouse Manufacturing, Lighthouse Plants

Do Lighthouse Plants Drive Industrial Transformation - or Just an Exercise in Excess, Ego, and Marketing?

Posted by Matthew Littlefield on May 27, 2021

In our 2021 Industrial Transformation (IX) Readiness research, we asked more than 300 industrial companies where they were on their IX journey. Since our 2019 study, the share of companies fully committed to the journey soared from 16% to 28% - crossing the proverbial chasm. Conversely, the share of companies “stuck in pilot purgatory” fell from 13% to 7%. 

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Categories: Operational Excellence, Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, IX Platform, Lighthouse Plants