Manufacturers are facing new risks as they widen and deepen their global ecosystems. The most notable of these are geopolitical changes and cyber threats. A return to territorialism is seen as greatest threat to growth, while emerging markets are the biggest priority for geographical expansion.
Manufacturers are also very concerned about cyber security, with one out of two saying that becoming a victim of a cyber attack is now a case of 'when' and not 'if' for their organization. Yet, our CEO survey shows that only half feel well prepared to identify new cyber threats, 14 percentage points fewer than CEOs in other industries.
“Advances in operational technology create a ‘sensornet of things’ in which operational decisions can be made independently of humans. This exposes a new attack vector, which should worry CEOs almost as much as the promise of Industry 4.0 and digital transformation excite them.” Mike Stone Global Head of Digital Transformation for Infrastructure, Government and Healthcare KPMG in the UK
About the 2018 Global Manufacturing Outlook report:
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.
Global Head of Industrial Manufacturing