Weakening performance despite a concentrated industry structure
In over two decades of restructuring, emergence of the Chinese ‘global factory’ and growth in consumer demand allowed manufacturing industry to be an outlier. Emerging fundamental changes, geopolitical friction, price volatility are putting pressure on efficiencies from the traditional concentrated industry structure.
Increasing competition within the industry coupled with overcapacity is exerting pressure on margins. Specialties are no longer the blockbuster future as premium products do not see a high demand from upcoming markets. The emergence of B2B e-commerce is additionally resulting in paradigm shifts.
Analytics is the key to identify opportunities and outpace the market
Despite the slowdown in the market, the manufacturing industry will remain a primary resource provider for almost all other industries. Businesses, however, will have to recognise the opportunities. The international access to resources means sales will have to become more strategic and companies will have to focus also on national and regional markets besides international ones.
Market participants are leveraging analytics to identify trends and insights to improve performance. Our machine intelligence helps businesses to filter humongous data sets gain operational and marketing efficiencies. Steeple’s real-time data extrapolation can help different departments from R&D to logistics to obtain consequential insights and seize opportunities.
Our industry experts use advances in data analytics and technology to deliver custom results. Their insights and recommendations help key decision makers and their teams formulate effective strategies and execute plans