Global Manufacturing Outlook
Preparing for battle: Manufacturers get ready transformation:
With disruptive forces of change so pervasive around the world, it would be easy to believe that the manufacturing sector is in the midst of a massive transformation. Dig a little deeper, however, and it quickly becomes apparent that – while the enablers of transformation are all around us – few manufacturers are truly transforming. Instead, most are tweaking and adjusting their business models and operating structures in preparation for the battle they know mustcome. The reality is that a major transformation is coming to the manufacturing sector, led by the forces of technology, innovation and new innovators. As a result, we see the pace of innovation accelerating and new disruptive innovators revolutionizing new product development, manufacturing processes, automation and business models. This, in turn, will drive the need for more agile, transparent and demand-driven supply chains and integrated business planning models. It would seem that many manufacturers are being a bit too cautious given the enormous opportunities and risks that are already emerging in this pre-transformation era. As in years past, perennial priorities around growth, cost and supply chain efficiency are still on everyone’s agenda. But steps to implement ‘next generation’ strategies remain modest.
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