Companies throughout the industrial goods sector are confronting the need for change by redefining themselves, their offerings, and the way they do business.
For industrial goods companies, business as usual isn’t an option. Regardless of their specific industrial sector—chemicals, construction, machinery, and the like—these companies must think beyond their traditional business and operating models to choose where and how to create value in the future.
In a period of immense change and uncertainty, BCG helps industrial goods sector clients prepare for the future.
We help companies:
Become more resilient. To thrive in uncertain times, companies must mitigate future shocks to their revenue and supply chain to maintain operations and respond to shifts in demand.
Support digital transformation. When companies undertake a digital transformation, they’re well on their way to becoming a bionic company that combines technology with the flexibility, adaptability, and comprehensive experience of humans.
Transform end-to-end costs. Companies must continuously improve their operations and manage costs to compensate for drops in revenue, preserve cash, and weather fluctuations in the economy and the business.
Embrace sustainability. Companies committed to such imperatives as CO2 emission reduction and decarbonized operations today will set themselves up for success in the future.
The trucks used in industries like mining and agriculture burn diesel and emit a lot of CO2. Fortunately, replacement solutions exist—if companies understand the costs and benefits.
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Levies on emissions tied to imports will impact companies inside and outside the EU and could alter the competitive balance between nations in many industries.
Kick-starting the market is not enough—governments need to plan, orchestrate, and incentivize the buildout of EV charging stations, setting the stage for private investment.
Digitization has made the industry extremely vulnerable to hackers and cyber attacks. Here’s what companies can do to mitigate the risks.
The industry showed impressive resilience in bouncing back from the pandemic-related challenges of early 2020—and optimism about its longer-term prospects is growing.
