As the risk of a global economic downturn grows, the industrial manufacturing industry faces a challenging landscape in 2020 replete with trade tensions, muted job growth, supply chain volatility and an ongoing skilled talent shortage. Yet, despite these headwinds, industry leaders are rapidly developing coping strategies—not only to weather the brewing storm, but to thrive in spite of it.
Paul Wellener, Deloitte’s US Industrial Products and Construction practice leader, shares insight into these and other topics in his 2020 Manufacturing Industry Outlook. Key highlights include:
Doing good is good business: More than 25% of manufacturers have expressed a genuine commitment to improving the world, including evaluating how renewable energy sources can help deliver on sustainability goals. And doing good can improve the bottom line: 40% of those who expressed that commitment say CSR initiatives have helped them generate new revenue streams.
[red-button]Read the Analysis[/red-button]
A warm welcome to our guest Didi Caldwell, CEO of Global Location Strategies (GLS) and one of the world’s top site selection experts. With over $44 billion in projects across 30+countries, Didi is reshaping how companies choose where to grow. Here she shares insights on reshoring, data-driven strategy, and navigating global industry shifts.