Overall, manufacturing executives were cautiously optimistic about their sector, with nearly nine out of ten (87%) stating that the outlook for their industry would either improve or stay the same over the next 12 months. Our research presented a generally positive picture for industrial capital expenditure, also. The industrial sectors are evidencing a relatively mature approach, taking a future-focused and integrated view of their built asset investments, in the context of delivering their products to market.
However, with constraints on available funds ranking as the top challenge to capital projects, it is crucial that companies learn from peers and take best practice from other sectors. The seven key research trends and themes highlight clear areas for improvement in capital planning and delivery in the industrial sectors. As industrial change and innovations come in quicker, companies must ensure they are in the leading percentiles of their sector to remain competitive, lest lose out on sales or end-user loyalty.
Our report outlines a seven-step route to success for manufacturers to improve their capital delivery and gain a competitive advantage.
How does your sector rate the performance of its portfolio of production and other built assets?