Trends in the Industrial Products & Services (IP&S) sector
Around the world the industrial products & services sector is experiencing change and transformation as the digital and physical worlds converge. Globalisation, new technologies as well as regulations impact existing business models of companies within the industrial products & services industry.
In this fast changing eco system, the outlook for the industrial products & services industry – and especially the Swiss manufacturing industry – is positive. Studies1 show that industrial products & services is driving global economies and that its strength creates a clear path towards economic prosperity.
The industrial products & services sector in Switzerland is an important and integral part of it. Deloitte has a dedicated team of resources serving this industry sector and invests in studies and research together with partners such as Swissmem and BAK Basel. Amongst other topics, we have identified four topics which seem to be recurring across our client base and that seem to be relevant to the industrial products & services industry in the current environment:
Global Trade Management
- Growth opportunities
The strong increase in the value of the Swiss Franc and companies’ strategies for adapting to it are the major issues confronting Swiss manufacturing this year. The slowdown in economic growth in the major emerging economies is a further challenge for the sector.
- Industry 4.0
The Deloitte study discusses the key challenges and opportunities for Swiss industrial enterprises to master the digital transformation of the Swiss manufacturing industry.
- Serial acquirers
Swiss companies are mature acquirers but not mature integrators
How do companies prepare for the opportunities and challenges of digitalisation?