United Kingdom

Details

  • Service: Insights
  • Industry: Manufacturing
  • Type: Survey report
  • Date: 20/09/2011

Global Manufacturing Outlook 2011 

According to KPMG’s 2011 Global Manufacturing Outlook, top-line growth is now the priority for manufacturers worldwide, followed by cost containment and product quality. The focus on growth reveals a clear shift from manufacturer’s strategies for the previous two years which saw top-line growth and cost containment as equally important.

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Key findings:

 

  • More than half of manufacturers globally (56 percent) are planning to sell new products in new and existing markets over the next two years (up from 37 percent).

 

  • In the UK this shift is reflected with 30 percent of manufacturers expecting to sell new products in both existing and new markets (up from 13 percent).  

 

  • Top 5 countries from which manufacturers expect to increase sourcing over the next 12 – 24 months: China (42%), USA (36%), India (30%), UK (13%) and Germany (10%)

 

  • Key challenges for businesses over the next 12 – 24 months: Price volatility on key input costs (44%), uncertain demand (35%), Lack of access to capital and credit (10%)

 

  • Top 5 countries for new business growth: China (40%), USA (41%) India (30%), Brazil (20%), Germany (13%)

 

  • Primary approach for achieving new growth: Increasing production capacity (28%), Joint Ventures & Strategic Alliances (25%), Investing in research and development (22%)