Spurring innovation and disruption in manufacturing

Spurring innovation and disruption in manufacturing

CEOs from the manufacturing sector worry that their organizations may not be winning the war for technology-driven innovation. Their direct reports and other closely related executives, by contrast, seem to indicate that matters are well in hand.

Global Head of Industrial Manufacturing and Aerospace & Defense

KPMG in the U.S.

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CEOs from the manufacturing sector worry that their organizations may not be winning the war for technology-driven innovation. Their direct reports and other closely related executives, by contrast, seem to indicate that matters are well in hand. More than likely, the truth is somewhere in the middle – meaning there’s a lot more work ahead for leading manufacturers and for the most intrepid, enormous opportunity. To improve the odds for success, CEOs need to take action.

The view from the top

Manufacturing CEOs know they need to drive innovation in order to win in the new competitive environment. What they don’t know or cannot be sure about is whether they are innovating faster and better than their competitors.

Among industry CEOs, concerns surrounding technology, innovation and disruption are abundant. Looking solely at the manufacturing executives in the KPMG’s Global CEO Outlook Survey, key worries include:

Which means CEOs aren’t certain whether or not their organizations are taking sufficient steps toward, or have adequate processes in place to prompt, innovation. The view from the top: uncertainty, leaning toward ‘there’s a lot more to be done’.


The view from the shop

These findings are not entirely aligned with those closer to the shop floor. Here, a KPMG Global Manufacturing Outlook survey focused squarely on senior manufacturing executives (9 percent CEOs) shows that more than half, 53 percent, say they are already hard at work disrupting their industries. Meanwhile, though 52 percent say they are “current” on technology, 48 percent say theirs is cutting edge.

KPMG International’s 2016 Global Manufacturing Outlook – Competing for growth

Find out what leading manufacturers are doing to drive growth.

 
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