The manufacturing industry faces two major challenges. As a result of increasing globalization, physical distances on the global market are becoming less important.
In mature markets, the pressure on established industrial companies is increasing due to new market entries from emerging countries. They are rapidly catching up with their Western competitors in terms of technology and can take advantage of low wage levels in their home markets to offer their products at relatively low prices. The growing intensity of competition is additionally supported by economic policy factors. Regional free trade agreements reduce barriers to market entry and local subsidy policies further intensify the price war.
The second big challenge of the manufacturing industry is the digital upheaval, subsumed under the keyword “Industry 4.0”. Digital networking is becoming increasingly important – whether between products, with customers or with suppliers – and at the same time represents an area of expertise that lies outside the typical expertise of manufacturing companies. Technologically savvy Internet companies are expanding their business activities across all sectors in all directions and are forcing even traditional manufacturing companies to deal with the subject of digitization.
In the long-term, the new digital technologies hold enormous potential in terms of process optimization, customer relationship design and product development. This creates opportunities to achieve strong competitive advantages. In the short term, however, managers are faced with the challenge of mastering the increasing complexity by integrating innovations such as Big Data, Cloud or real-time-based data analysis.
ADVYCE has extensive expertise in working with industrial companies both regionally and internationally. Our clients are located in the following areas, among others:
Mechanical and Plant Engineering
Wood, Paper & Packaging
Aeronautics, Space & Shipping
The specific requirements of industrial companies vary drastically depending on the field of activity. Nevertheless, they all find themselves in an environment in which certain strategic and operational issues have transferable relevance. Our know-how in the areas of organic and inorganic growth provides us with strategic perspectives for further expanding our business.
Through Innovation Facilitation we help our customers to generate sustainable competitive advantages through innovation. At the same time, our experience in Mergers & Acquisitions is particularly useful for strategic growth in saturated Western markets.
In the course of globalization and increasing competition from low-wage countries, all cost-cutting potentials must be exploited in order to maintain competitiveness.
We help our customers to identify these potentials and to optimally design their operational processes.
Our international network enables us to make full use of advantages such as global sourcing that result from the globalized world. With our expertise in the areas of IT and digitization, we help our customers to realize digital potentials and make them fit for industry 4.0.
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