From geopolitical tensions and inflation to new technologies and regulatory requirements, the manufacturing industry is currently facing an array of challenges on multiple levels. Companies need to master a complex set of tasks to help increase their resilience. At the same time, transformation processes are creating innovative structural options and new opportunities for growth. Implementing digital and sustainability transformation can help determine the future viability of the sector.
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Digital transformation offers companies a host of opportunities to gain a competitive edge, ranging from more agile processes, increased transparency, and improved compliance to the development of new innovative business models. Artificial intelligence (AI) and the metaverse in particular offer opportunities to evolve and enhance corporate structures, the product portfolio and the customer journey. KPMG professionals who specialize in emerging technologies can assist you with identifying and analyzing specific trends and areas of action for digital transformation.
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The relevance of sustainability and regulation is rising. In order to be successful in the long term, ESG criteria and comprehensive compliance should be firmly anchored in companies. Strong leadership (top-down) can be just as crucial for this as the opportunity for employees to get involved in internal processes (bottom-up).
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Be it the operating business, tax structuring or mergers and acquisitions, companies should optimize processes across the board if they are to operate successfully. A whole host of success factors should be considered to help improve business performance. However, developing strategies for and planning and implementing those changes requires a broad range of specialized skills and expertise.
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