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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:
Energy and industrials trends in 2019
To help think about what is important in the energy and industrials landscape, Deloitte’s Energy, Resources & Industrials industry leaders give their unique and individual perspectives on what to watch out for in 2019, for all segments of the Oil, Gas & Chemicals; Power & Utilities; and Industrial Products & Construction sectors. The annual release of these outlooks is timed to give food for thought as we go into a new year.
In today’s rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Look for more perspectives and insights from some of Deloitte’s forward thinkers.