In the past decade, advances in technology have enabled manufacturers to achieve significant efficiencies with their supply chain and manufacturing operations. In fact, according to McKinsey & Company, manufacturers that embraced these technologies are already seeing a 7% revenue growth advantage over their peers.
The impact of the current pandemic will likely create a much deeper divide between manufacturers that have digitized and those who are just starting to digitize their operations.
We believe the path forward will require a new approach to digital transformation. Manufacturers need a service-based approach that replaces traditional large-scale projects with a series of smaller projects that provide a quicker, smarter way to respond to challenges in technology, the industry and the business.
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