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.
Sales of electric vehicles are booming. But to meet the necessary targets for cutting worldwide emissions, the automotive industry needs to transition to EVs even more rapidly.
To enhance competitiveness, companies must take a clean-sheet approach to deciding what, where, and how to manufacture.
Hydrogen is on the verge of becoming instrumental in the fight against climate change—and providing a $200 billion revenue opportunity for machinery makers.
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