In Frost & Sullivan’s latest Machines industry webinar, Growth Expert and Research Director, Krishnan Ramanathan, delved into Performance Monitoring Features and Renewables Offering Growth Opportunities for Machine Manufacturers. He highlighted industry megatrends, technological disruptions, the competitive scenario, and top growth avenues for machine manufacturers.
Note: Gain valuable perspectives from the industry expert by clicking here to access the recorded session of the webinar.
Harnessing the Power of Technology to Deliver Customized Solutions
As industries continue to evolve and diversify, the ability to deliver personalized solutions has become increasingly important for machinery manufacturers to meet the specific demands of their clients and remain competitive in the industry. How is your team utilizing latest technologies to customize solutions for customers, giving your company a competitive advantage?
Shifting Production Activities to New Regions
The manufacturing industry is experiencing a notable change as production activities increasingly move towards the Asia-Pacific region, specifically China. With its attractive combination of competitive prices and accelerated time-to-market, the region has become an enticing choice for businesses. Is your organization adapting its growth strategy to align with this geographical shift in the manufacturing industry?
Getting Ready for a Future Fueled by Robotics
The rise of smart manufacturing has expanded the use of robots in different stages of production. Businesses are enhancing workplace safety, boosting efficiency, and cutting down expenses by implementing robotic systems. How is your organization capitalizing on the growth opportunities emerging from the rising adoption of robots in the manufacturing industry?
Adopting Servitization as Your Key Distinction
Servitization, the practice of offering comprehensive post-sale services to cultivate lasting connections with clients, is gaining momentum and empowering manufacturers to set themselves apart in the field. How is your team incorporating servitization into your competitive strategy to stay ahead of the curve?
Seeking Sustainable Solutions Through Renewable Energy
The pursuit of a greener future is transforming the way the manufacturing world is powered. As carbon neutrality becomes a priority, businesses are investing in eco-friendly technologies to support the transition to renewables. Is your company embracing sustainable solutions to bridge the growth gap within the transforming machinery sector?
Leveraging the Growing Popularity of Electric Vehicles (EVs)
There’s a significant rise in the demand for lithium-ion batteries, which serve as the primary energy storage solution for EVs. Global companies are investing heavily in battery production facilities and development of associated technologies to cater to the growing demand. As a battery manufacturer, what best practices are you implementing to build a robust growth pipeline during this period of transformation?
Quote:
“In the face of large-scale emission reductions, the industrial sector and energy systems stand at the crossroads of challenge and opportunity. Yet, within these challenges lie the seeds of progress and innovation.”
Krishnan Ramanathan, Growth Expert and Research Director at Frost & Sullivan
