9/27/2023

Engineered Products: Insights from our Pulse-Check Q2/2023

Our Q2 report shows that companies remain committed to sustainability, digitization, service, and process automation, relying on strong networks and knowledgeable partners for success. The survey underscores the need for management skills and resource allocation, with a focus on tight cost control and digitization investment. Respondents emphasize supply chain cost performance over resilience, highlighting the importance of performance monitoring. Decision-makers must implement productivity strategies to counter the impact of skilled worker shortages.

Engineered Products

Here are our 5 Key Insights in Q2/2023:

 

  • Sales in the "Engineered Products" sector is slightly declining, while volatility of order intake is consistently increasing. 

 

  • Sustainability, digitization, service and process automation are still on the agenda of companies’ management. It takes a strong network and knowledgeable partners to push performance and strategic initiatives forward and make them successful.

 

  • The survey participants' strategic orientation demonstrates the necessity for management skills and resources to establish the appropriate priorities and reach fact-based judgments. Since both are high on the priority list for the decisionmakers: Tight cost control and investment for digitization initiatives 

 

  • This is also evident in the responses to the question about cost drivers. In comparison to the previous quarter, respondents focus more on the cost performance of the supply chain itself (raw materials and supplies) than on its resilience. This presupposes an excellent performance monitoring. 

 

  • Decision-makers need a strategy to increase productivity in order to partially offset the impact of the skilled worker shortage.

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Sandra Stoll

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Sandra Stoll

Christoph Tertel

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Christoph Tertel

Leon Kaub

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