This report provides a global overview of industrial trends from 2022 through to 2027 for the key manufacturing and service sector industries. Insights analyse long-term global trends that can help businesses adapt to changes in the production and supply network, and identify business opportunities.
This report comes in PPT.
High prices of commodities and energy resources, higher interest rates and labour market problems continue to add to the inflationary pressures and challenge businesses. Due to higher costs, companies will face pressures on profit margins while weaker global economic growth and consumer spending are likely to limit investments and production expansion.
To enhance operational efficiency, manufacturers are expected to increase investment in new technologies and digitisation. Use of the Internet of Things (IoT), data analytics, cloud computing, artificial intelligence, robotics, additive manufacturing and 5G networks will help to improve supply chain management and rearrange industrial processes in more flexible ways.
Companies are aiming to make their supply and production networks more resilient. Investment in digital supply chain management tools, and diversification of the supplier pool is expected to increase flexibility and reduce costs. Meanwhile, production localisation is forecast to increase in critical industries to prevent future risks and disruptions.
Changes in legislation and consumer preferences put pressure on companies to meet sustainability goals. Companies across various industries are forecast to increase investments into sustainable production to meet their sustainability targets. Moreover, companies are increasingly prioritising environmental, social and governance (ESG) policies and practices in response to the rapidly rising importance of ESG principles and issues.
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