Business Portfolio

Business Portfolio

Friday, February 14, 2014

The 7 Forces of Transformation in Global Manufacturing

Oxford Economics, a global forecasting and quantitative analysis firm, surveyed 300 manufacturing executives worldwide about the impact of industry shifts and organizational priorities on the future of competitive advantage. To meet anticipated future challenges, 68% of those executives said they expect their firms will undergo significant business process transformation in the next three years.

We’re at the early stages of this fundamental transformation, marking what could be one of the most significant disruptions to the manufacturing industry since the Industrial Revolution. Understanding the driving forces, their specific impact, and the opportunities they create, reveals the roots of manufacturing
transformation and the future of competitive advantage.

PTC has identified seven major forces, some of which are long-standing while others are more recent. Individually, any one of these forces is disruptive. Together they are completely transformational.

Visionary manufacturing firms have already identified the forces that will have the greatest impact on their industries, and they are beginning to transform business processes to leverage one or many of them, and embrace entirely new business models to capitalize on the opportunity.

Jim Heppleman, CEO of PTC speaks about these 7 forces and how PTC is equipped to handle these forces that are set to transform manufacturing.