Undoubtedly, the manufacturing sector is facing change and uncertainty, but it’s also seeking to take control of its own destiny. A new report from Sage, ‘Riding the wave of uncertainty: how process manufacturers are planning for a brighter future,’ discusses the issues, and offers several reasons to be hopeful for the future.
From vehicles and consumer electronics, to healthcare devices and energy generation, every aspect of our lives has become increasingly dependent on batteries. As such, the commercial opportunities around innovative new energy storage technologies has become a strategic focus – not to mention a significant new revenue driver – for individual businesses, research institutions and entire nations.
Each month, The Manufacturer explores a section of the latest Annual Manufacturing Report, which gauges the mood of leadership teams on issues such as Skills & Training, Government Policy & Industrial Strategy, and Finance & Investment. This month, we look at Growth & Exports.
There has been an increased emphasis on digitalisation within manufacturing. While some may see this as a means of reducing cost, Simon-Kucher believe the bigger profit opportunities will come from focusing on the topline (revenue side of the profit equation).