It is a transformational time for the Industrial sector. Businesses are having to adapt to a disruptive geopolitical landscape – and with the obvious economic and social upheaval that the aftermath of the Coronavirus pandemic will cause – and change their businesses to compete effectively over the next decade.
The ability to meet changing customer expectations and the increasingly blurred line between B2B & B2C; embracing digitalization and using data more effectively to optimize operations and outperform the competition; reviewing manufacturing footprints and sourcing strategies to create efficient, flexible but reliable supply chains; protecting intellectual property and staying ahead of the market with innovation & product development: these are just some of the key priorities across the Industrial sector today.
There is an increasing need for different leadership styles to enable businesses to deliver on these priorities. Businesses need leaders who can create cultures and structures that foster creativity and innovation, that cut through the “noise” of data and identify actionable insights, and who can design the business (both commercially and operationally) with the customer in mind. The ability to find and hire the right talent will continue to be difficult: having leaders who effectively develop and retain their existing employees will also be crucial.
Client Partner - Industrial
For Industrial businesses, the next five years are about transformation. Products need to evolve to stay ahead of competition; business models are adapting to meet new customer needs; new digital solutions are offered alongside physical products; and maintaining quality while cutting cost is critical.