The world is changing. As it does, so must the engineering and manufacturing sectors.
DHL's latest report, Building the World, found that engineering and manufacturing (E&M) companies are bracing themselves for new and competitive market conditions over the next 10-20 years. Well they should. The sector accounts for 17% of GDP and 14% of employment globally, and 70% of the entire global trade volume stems from manufacturing companies, according to the logistics provider.
To gear up for these changes and protect itself from increased risks, many organizations have begun to actively re-engineer their production and business models, with an eye on becoming more customer-centric and competitive. DHL says supply chain management will be a key enabler and driver in helping the E&M sector move further along its evolution.
“Generally speaking, we expect that supply chain managers will have to deal with even higher complexity in the future”, explained Reg Kenney, president, Engineering & Manufacturing, DHL Customer Solutions & Innovation. “Customers will expect a broader, more customized product portfolio. In combination with shifting growth markets, thus more suppliers, a lack of qualified workforce and new technologies, this will have companies rethink their current supply chain models.”
Let's take a look at the six main trends DHL thinks will shape the future of the E&M sectors. Click on the image below to start the slideshow: