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Manufacturing 3.0 / The Greatest Challenges

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Manufacturing 3.0 / The Greatest Challenges

With unprecedented success of recent manufactruing start-ups as GoPro and Tesla,
it is clear that global manufacturing can stage a renaissance despite of some challenges it faces.

If you wonder how you can ride the wave of cool manufacturing, be prepared to face these challenges right now.

With unprecedented success of recent manufactruing start-ups as GoPro and Tesla,
it is clear that global manufacturing can stage a renaissance despite of some challenges it faces.

If you wonder how you can ride the wave of cool manufacturing, be prepared to face these challenges right now.

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Manufacturing 3.0 / The Greatest Challenges

  1. 1. The Greatest Challenges The Manufacturing Industry Faces Today
  2. 2. After decades of being underestimated manufacturing is now regarded as a key to the diseases brought by the financial and other service sectors. Overreliance on services is seen as negative and policy makers tend to rebalance their economies in favor of something tangible. 1 Part 1. GET TO KNOW WHAT IS GOING ON
  3. 3. Manufacturing plays a critical role in the countries long-term prosperity as it creates skilled jobs and generates revenues for the national budget in terms of exports and direct investments. It spill-over effects on other industries are highly important. 2
  4. 4. The manufacturing industry in many countries is in a state of turbulence. It grows fast in emerging economies, shrinks but becomes more lean and efficient in advanced ones. 3
  5. 5. The most significant challenges manufacturing faces are severe global competition, cost pressures, lack of skilled and mechanically adept labor and negative image of the field, underestimation of technological and innovational aspect. Part 2. WHAT TO CHALLENGE Part 2.1 Win The Global Competition Part 2.2 Handle Cost Pressures Part 2.3 Improve The Image Part 2.4 Leverage Technology And Innovation
  6. 6. The manufacturing mastodons prefer to move up the value chain as the returns are much higher. The newly- established manufacturing giants with low wage and raw material economies no longer compete only on costs, but they attempt to do what western firms do. 1 Part 2.1 Win The Global Competition
  7. 7. Advanced economies concentrate on setting up the structure, systems and processes and often outsource the purely productive element. The top 3 countries in the Global Competitive Index are Asian while G8 countries are losing their positions. 2
  8. 8. Manufacturers can move production anywhere in the world in search of competitive advantages but this makes the market more unstable and causes relationships to change every 1 to 2 years. The competition is fierce. 3
  9. 9. According to PWC Global CEO Survey high and volatile raw material prices is among top 3 threats for industrial manufacturers in the year 2014. 4 Part 2.2 Handle Cost Pressures
  10. 10. The main cost categories in manufacturing are energy, raw materials and taxes. The high cost of oil and gas impacted transportation and other costs. Manufacturers shop the global market to find the best offers. The complicated nature of tax systems result in high indirect expenses. 5
  11. 11. The reputation of the industry has been boggled by low wages, less than desirable working conditions and continual quality problems. While China and India can compensate for lack of skills by adding labor, the West must rely on its employees. Part 2.3 Improve The Image 6
  12. 12. Manufacturing is not considered by bright young and well- educated professionals as “sexy” places to be in. Wall Street and Consulting have become more fancy places to check in. 7
  13. 13. Deloitte found out that access to talented workers capable of supporting innovation not other typical factors such as labor or energy was the key factor driving global competitiveness at manufacturing companies. Work ethic, attendance and reliability are the basic requirements which are absent in many applicants. 8
  14. 14. “The only way we’ll compete internationally in the future is by owing ideas” Sir James Dyson. Part 2.4 Leverage Technology And Innovation 9
  15. 15. Constant downward pressure on prices due to a combination of weak demand in the rich countries and lower wage costs in emerging markets will force both western and eastern manufacturers to adapt the way they do business. LEAN manufacturing methods seem persuasive. 10
  16. 16. Selecting the right manufacturing process can significantly improve a company’s bottom line. The implementation of the cutting edge management system requires efforts and commitment. 11
  17. 17. Part 3. WE CONCLUDE To prosper manufacturers must concentrate on improving their production systems by following those techniques which credibility has been proven. Identify and minimize waste, focus on value adding activities, bet on technology and close-knit supply chain integration!
  18. 18. Manufacturing consulting of small and mid-sized enterprises seems to be a very promising field as these production entities often lack knowledge of best manufacturing practices, their problems are clear and may be resolved fast, thus providing quick ROI.
  19. 19. FOLLOW ME in Manufacturing Consulting

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