Success may have many parents, but Industry 4.0 has only one: Henrik von Scheel. He talks to The Manufacturer about where manufacturing is heading – and why UK industry has a long-term competitive advantage.
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.
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).
Executives in the UK industrial sector start 2019 facing a messy Brexit process. They have the difficult task of sustaining profitability while preparing contingency plans for potential supply chain disruption, inflation, further currency fluctuations and tariffs. However, in a challenging business environment, it’s all the more important to focus on an effective pricing strategy.
If your company recently adopted IoT solutions to improve the capability and functionality of its products, you’re likely already thinking ahead to the next steps: determining the value of these solutions and gauging their success.