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.
A global survey of 16,600 industrial sector employees reveals changing attitudes about work, what’s important on the job, and the training needed to stay ahead.
By gaining deeper insights into the status and efficacy of their climate initiatives, companies can accelerate efforts across the value chain.
By leveraging data and advanced analytics, companies can provide better products and services, optimize their value chains, and maximize return on capital. Effective data-sharing applications are essential to define key success factors and to enable manufacturers to derive value from their data.
Government procurement agencies must take steps to abate their greenhouse-gas emissions. They have the buying power to encourage heavy-emitting industries to abate theirs as well.
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.
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.
