Winding road hairpin rocky atlas mountains morocco

How manufacturers are exploring every avenue to stay resilient

In this episode, Julia Rosenthal, EY Global Analyst for Advanced Manufacturing, shares her insights about the key themes discussed by leaders during the second quarter public earnings calls.

As COVID-19 became a global threat in the first quarter of 2020, manufacturers had to make some very complex decisions. For advanced manufacturing companies, the second quarter proved to be just as difficult as the first one. This was the quarter in which some of the most widespread lockdown activities were taking place around the world. Companies reduced costs and shifted their focus to long-term growth, as COVID-19 caused many of their customers to shut down operations.

Key takeaways:

  • On financial initiatives — some manufacturers said that they would remain committed to their R&D investments while others pulled back as part of cost-reduction strategies. Share buyback and dividend activities have picked up.
  • Operating costs — many companies raised the targets in their cost management programs. Leaders talked about restructuring programs, more offshoring of operations and new automation efforts. 
  • Culture and talent — overall, there has been a greater focus on enterprise-level cost savings from reduced headcount.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

If you would like to listen to our podcasts on the go:

Apple Podcasts

Spotify

Google Podcasts

Podcast

Episode 05

Duration 12m 03s

In this series

series overview
(Event List - Manual)

How manufacturers are exploring every avenue to stay resilient

In this episode, Julia Rosenthal, EY Global Analyst for Advanced Manufacturing, shares her insights about the key themes discussed by leaders during the second quarter public earnings calls.
Podcast

Episode 05

Duration
12m 03s

How manufacturers can future-proof their supply chains

In this episode, Sven Dharmani shares his insights on how to build a more resilient supply chain during the COVID-19 pandemic and beyond.
Podcast

Episode 04

Duration
11m 40s

Presenters

Sven Dharmani

EY Global Advanced Manufacturing & Mobility Supply Chain Leader

How transportation will be revolutionized by data analytics

In this episode, Kevin Custis shares his insights on the impact the COVID-19 pandemic has had on the transportation sector.
Podcast

Episode 03

Duration
17m 32s

Presenters

Kevin R. Custis

EY Global Transportation Industry Leader

How to build a resilient automotive supply chain to plan for the next crisis

In this episode, David Sanders shares his insights on the impact the COVID-19 pandemic has had on automotive supply chains.
Podcast

Episode 02

Duration
10m 39s

Presenters

How manufacturing can improve resilience through liquidity management

In this episode, David Gale shares his insights on liquidity for the manufacturing industry during the COVID-19 pandemic.
Podcast

Episode 01

Duration
04m 22s

Presenters

David M. Gale

EY Global Advanced Manufacturing Strategy and Transactions Leader