In this episode, EY global analysts Mohit Ahuja and Julia Rosenthal share highlights from 3Q21 earnings calls of 31 advanced manufacturing companies.
In the resurgence of the advanced manufacturing sector, sustainability, transparency and resiliency have become dominant themes. Companies are centering their future initiatives around these three pillars and aligning their current business operations with them. Furthermore, companies plan to undertake several measures to capture market share in emerging areas, such as electric and autonomous mobility, infrastructure decarbonization, sustainable buildings, and renewable energy.
In 3Q21, manufacturing companies dealt with soaring operating costs, uneven demand patterns and severe value chain breakdowns, and in response, they carried out the reinvention of their supply chains. They also took measures to restructure their business, capital strategy and competitive positioning. As the manufacturing sector continues to recover, it is optimistic that the operating costs will stabilize. Consequently, companies expect that their margins will increase. They are confident that the supply chain disruptions will subside once the effects of a more visible supply chain start to kick in.
- The advanced manufacturing sector plans to invest in digital to achieve operational efficiencies, expedite product innovation and improve visibility across the value chain.
- Advanced manufacturing companies are recognizing the importance of meeting customer expectations in order to maintain strong relationships and hold onto their market shares.
- In a bid to transform into sustainable, transparent and resilient businesses, companies are operating proactively. They are launching sustainable products, such as net-zero connected buildings and electric aircraft, to meet their decarbonization targets and enhance ESG reporting. Access to timely and relevant data is helping companies to create transparent and robust supply chains.
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Duration 17m 11s
In this seriesseries overview
Three priorities for advanced manufacturing in 2022
What factors are driving end market recovery for manufacturers
How the pandemic triggered a shift toward sustainability
EY Global Advanced Manufacturing & Mobility Analyst
How environmental concern became the top driver for purchasing an EV
EY Global Advanced Manufacturing & Mobility Analyst Leader
How manufacturers are transforming themselves to be future-ready
How mobility companies are preparing for demand rebound
What renewed demand means for the mobility sector
Why digital is the way forward for advanced manufacturing companies