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2019 Industrial Manufacturing Industry Outlook
Industrial manufacturing industry trends
The industrial manufacturing industry has continued to have solid performance amidst a number of dynamic forces shaping the market, such as a potential trade war, skilled talent shortages, and straining supply chains. Read about the continuing transformation of the industry in Deloitte’s 2019 Industrial Manufacturing Industry Outlook, a take from Paul Wellener, US Industrial Products & Construction leader, Deloitte LLP.
My take: Paul Wellener
The US industrial manufacturing industry continued its strong performance this year, following a similarly positive 2017. Heading into the final year of the decade and the tenth straight year of economic expansion in the US economy, the industry finds itself in a unique position.1 On one hand, manufacturing is firing on all cylinders: output is humming, capacity utilization is up, and many manufacturers are delivering solid performance results and shareholder returns. On the other hand, trade tensions lurk in the background and supply chains are straining to keep up with demand, while skilled talent is in short supply and threatening to derail the current industry momentum. Amid these headwinds is an underlying move toward digital and advanced technologies that are transforming not only business operations but also partner ecosystems and even business models. Digital holds tremendous potential and is likely to be decisive in determining the fate of industrial manufacturing companies in the months and years to come.
As we enter 2019, here are some observations and predictions for our industry:
- "2019 Industrials Sector Outlook," LinkedIn blog by US Industrial Products & Construction leader Paul Wellener.
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