A Decade of Innovation: 3M vs Rockwell Automation

In the ever-evolving landscape of industrial innovation, research and development (R&D) investments are pivotal. Over the past decade, 3M Company and Rockwell Automation, Inc. have demonstrated contrasting strategies in their R&D expenditures. From 2014 to 2023, 3M consistently invested significantly more in R&D, peaking in 2021 with a 13% increase from 2014. However, 2024 saw a dramatic 45% drop, indicating a strategic shift or external challenges.

Conversely, Rockwell Automation's R&D spending has shown a steady upward trajectory, culminating in a 82% increase by 2023 compared to 2014. This growth underscores Rockwell's commitment to innovation, even as 3M's investment wanes. These trends highlight the dynamic nature of industrial R&D, where strategic decisions can significantly impact a company's competitive edge.

Understanding these patterns offers valuable insights into the future of industrial innovation and the strategic priorities of these industry giants.