Digital Transformation in Global Manufacturing

October 2021

The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.

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Key findings

Companies invest in digital tools

The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Around 60% of companies globally plan to reshape and implement digital strategies.

Emerging countries catching up

Transition into digital manufacturing has been led by developed economies although emerging countries are expected to catch up. Middle East and Africa, Asia and Latin America are forecast to offer most growth opportunities for digital tools providers.

Production automation on the rise

Investments into production automation accelerate as it helps to improve production efficiency and reduce costs. Around a third of manufacturing companies globally are planning to accelerate investments into automation.

New tools to bring productivity gains

The global manufacturing sector is forecast to achieve USD1.3 trillion in productivity gains per year thanks to the use of digital and production automation tools. These gains come through improved efficiency, lower operating costs and elimination of production bottlenecks.

New revenue streams

Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.

Scope
Key findings
Exploring Digital Transformation in Economies and Consumers
Digital Transformation in Economies in-depth
Three areas of digital manufacturing
COVID-19 pandemic accelerates digital transformation
Developing markets take the lead in reshaping and implementing digital strategies
Evolution of digital transformation
Digital tools to enable more advanced business models
Companies turn to digital tools to cope with COVID-19 effects
Case study: Garlock – using digital tools for crisis response
Advanced production methods to help manufacturing companies remain competitive
Household essentials leads investments in automation and new supply chain technologies
Case study: Arrival – using microfactories to produce electric vans
Manufacturers place more focus on e-commerce/omnichannel distribution
Digital tools enable companies to create new revenue streams
The automotive industry is engaging the most in global scenario planning
Case study: Shell uses scenario planning to identify post-pandemic opportunities
Manufacturing-as-a-Service offers greater flexibility and customisation
Case study: Gilead Sciences and Pfizer collaborate to speed up production
Case study: Kaeser Kompressoren – selling desired outcomes to customers
Benefits of digital technologies
Streamlined production process can lift production efficiency
Digital tools can help to reduce production downtime
Better supply chain management to reduce transportation costs
Case study: Taylor Farms uses digital tools to improve logistics
Higher innovation level to help drive revenue growth
Case study: Caterpillar’s machinery simulation
Case study: Philips Lighting uses tracking system
New production methods enable product customisation
Case study: Ford’s AI-equipped robots for flexible manufacturing
Potential challenges in digital transition
How companies can overcome challenges in digital transformation
Conclusion
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