CEOs are looking to build on the opportunities that arise as connectivity brings suppliers, manufacturers and customers closer together. Manufacturing executives understand that digital connectivity is an imperative to manage the ever-growing complexity of supply chains, as they extend from one part of the globe to the other. These digital supply chain networks will require complex strategic alliances which, more than one third of CEOs believe, are the most critical elements for achieving growth objectives over the next 3 years.
Only 6 percent have achieved full supply chain visibility, despite acknowledging its growing importance. Greater transparency is needed for many reasons, not least to ensure manufacturers' business partners comply with regulations. CEOs in our survey say the biggest barrier to extracting value from third parties is the difficulty of sharing data securely.
Advances in operational technology create a ‘sensornet of things’ in which operational decisions can be made independently of humans. Mike Stone Global Head of Digital Transformation for Infrastructure, Government and Healthcare KPMG in the UK
Digital technologies create tremendous opportunities for growth and transformation at manufacturers, but few have taken full advantage of them. In this 8th edition of the Global Manufacturing Outlook report, our findings from a survey of 300 CEOs and interviews with manufacturing industry executives and KPMG partners show there is no time to waste in building a comprehensive digital transformation strategy.