This issue of Perspectives focuses on overcoming the crisis and fueling the upswing. In our latest study on mechanical and plant engineering, we examined structural changes and projected sector trends through 2015. The study determined that companies will have to adapt to increased levels of uncertainty characterized by shorter economic cycles and more pronounced market fluctuations. China has overtaken Germany as the world’s largest producer of mechanical engineering products, and is elbowing its way into world markets. Western companies will have to meet this challenge head-on. The cover story describes appropriate strategies for a changed world. A number of articles highlight the opportunities for manufacturing companies in operations, organization and markets.
How can a company profitably grow in a changed world? What shape should this approach take? Professor Dieter Hundt, President of the Confederation of German Employer Organizations, offers some possible solutions. In an interview, he explains why companies need increased flexibility in working-hour volumes and describes the importance of a coherent strategy to retain skilled workers in this business environment.
Many industrial companies have everything they need to emerge from the crisis in a strengthened position. We hope you find this issue filled with valuable ideas to move confidently forward.
The economy has gotten back on track with surprising speed, and industrial companies are generating healthy double-digit growth rates. Given the array of risks still facing the global economy, though, people question the sustainability of the upswing and the quality of macroeconomic forecasts in general.
Insights Climate Transition And The Fed Insights Climate Transition And The Fed Oliver Wyman's Douglas J. Elliott takes a look at the Federal Reserve and the new focus on climate change riskInsights How To Make Risk Functions More Courageous Insights How To Make Risk Functions More Courageous Four ways to move beyond fear.-
Insights Applying The Urgency Of Solving COVID To Climate Change As we emerge from COVID-19, let’s harness the necessary spirit of collective endeavor in our fight for a cleaner, greener and more prosperous future. Insights Making The Invisible Visible Insights Making The Invisible Visible Women are still passed over for the most senior leadership roles with only one in four executives female. What's preventing progress on women in leadership?