The manufacturing industry is at a turning point. With global economic shifts, a volatile energy market, and rising uncertainty from crises and conflicts, companies must quickly adapt to thrive in the face of these challenges.
Despite short-term economic turbulence, industry leaders remain optimistic about future growth. The KPMG Global Manufacturing Prospects 2023 study shows that while many anticipate a temporary decline in profits, the majority are already focused on boosting productivity and solidifying their market position.
A critical component of this transformation lies in embracing new technologies. One of the most significant challenges facing manufacturers today is the transition to S/4HANA - an undertaking that impacts the entire organization while daily operations must continue without disruption; something which is particularly challenging in the manufacturing industry.