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The Manufacturing Industry is undergoing significant changes and pressures due to a globalizing competitive landscape and customer needs for lower costs. Doing more with less is now the mantra and organizations who best respond to these challenges will be in the best position to prosper over the coming years. This change brings with it challenges for collaboration, and opportunities to take advantage of a globally available talent pool. Today the industry is faced with challenges like raising cost pressures, increased time to market, growing use of new technologies such as composites, globalization, and regulatory management. Competition is increasing and coming from established countries as well as newly industrialized regions. Ageing workforce within the major OEMs and lack of scalable replacements has been a major cause of concern. With these changes, business complexity has also increased as organizations must collaborate on a global scale with customers, partners, and suppliers.
The Manufacturing Industry is undergoing significant changes and pressures due to a globalizing competitive landscape and customer needs for lower costs. Doing more with less is now the mantra and organizations who best respond to these challenges will be in the best position to prosper over the coming years. This change brings with it challenges for collaboration, and opportunities to take advantage of a globally available talent pool. Today the industry is faced with challenges like raising cost pressures, increased time to market, growing use of new technologies such as composites, globalization, and regulatory management. Competition is increasing and coming from established countries as well as newly industrialized regions. Ageing workforce within the major OEMs and lack of scalable replacements has been a major cause of concern. With these changes, business complexity has also increased as organizations must collaborate on a global scale with customers, partners, and suppliers.
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