Breaking the mould in manufacturing consulting
Breaking the mould in manufacturing consulting
Consulting in the manufacturing sector has traditionally either been big business or virtually no business depending on the country you work in. A hugely important part of the German economy, the sector accounts for more than a quarter of all consulting there, itâs only about a tenth of the UK market where itâs dwarfed by financial services. Itâs a substantial market in India but negligible in the Middle East.
But the winds of change are blowing through the sector. Old assumptions (China equals cheap labour) and strategies (selling products designed for Western markets to consumers in emerging ones) are being challenged and even the largest, most global companies canât always marshal the intimate knowledge of different markets needed to develop a new generation of ideas. The results have shown up in some of our recently-completed research: clients are more likely to increase their expenditure on consulting in this sector than any other.