The global economy is being built on the backs of manufacturers. The rapid globalization of manufacturing is pulling nations and their people from poverty into prosperity and expanding the industry at a rate not seen since the dawn of the Industrial Revolution.
This new climate of growth is characterized by innovations in supply chain management, sharing and availability of digital data and information, integration of global markets, and increasingly free trade.
To thrive in this new environment, it is now more important than ever for manufacturing organizations to find new ways to increase agility and responsiveness while reducing waste and gaining cost efficiencies. Technology and people are at the center of this new wave of manufacturing growth and evolution. Companies regarded as more innovative grew income over two times faster and their market capitalization and nearly two times faster compared to their non-innovative counterparts.
Getting to innovation is the key to unlocking growth and profitability in this new environment.