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Globally, while the USA has shown solid underlying growth over the past year, the past month saw slower output. This has been linked in some part to the weather which had a negative impact on supplier deliveries. China is showing deteriorating manufacturing conditions which has been linked to their fragile economic conditions. Things look brighter at home, however – the UK seems to be ahead of the rest of the world, which we believe will continue.
Our manufacturing team has been working with manufacturers all over the world for many years and can bring insight and experience to every project. We know that business is individual and we work with each client in that spirit. .Our services include:
As a consequence of the economic turbulence, manufacturers have been forced to increasingly review their financial management processes: Markets, business models, manufacturing processes and other challenges along the value chain are all changing at an increasing speed in an increasingly interconnected world where new opportunities and threats appear constantly. Some of the drivers behind these changes are so-called megatrends. The manufacturer of the future must take these megatrends into account in order to remain competitive, create value for its investors and secure its position as a partner of choice for its customers and other stakeholders. KPMG has identified and analysed ten overall megatrends, which are seen as most important in today’s manufacturing world.
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Manufacturers continue to face many challenges, although there are signs of an improving outlook globally. In this edition we explore the pressing issues and opportunities available.
KPMG has an article on page 10 of the supplement written by KPMG, featuring commentary by Stephen Cooper, John Leech and Mark Raddan on the need for 'radical thinking to seize growth opportunities'. The supplememt provides and overview of the current trends in the UK manufacturing industry.
Over the past five years the UK’s industrial manufacturing (IM) sector has faced a highly challenging operational environment. Cutbacks, austerity and a relentless focus on cash have become the norm and pricing policy has concentrated on volume, with an overall acceptance of price downs.
Read our insight on KPMG SLANT
KPMG’s new report examines the continuing evolution of the strategies that manufacturers are deploying to drive value and performance across the enterprise.
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