The industrial manufacturing sector provides the equipment found on factory floors around the world. Its products help manufacturers large and small do more with less. More power with less footprint. More control with less labor. More output with less cost.
The industrial manufacturing sector is large and diverse, but most sector players face similar challenges. Increased costs for oil, natural gas, steel and copper are squeezing margins, unless offset by pricing and surcharge increases. Customer reluctance to invest in new equipment has intensified the importance of aftermarket service. To bolster core product lines or expand geographical reach, some players are seeking acquisition candidates, while others are looking to divest underperforming units. Local and national taxes, often managed across multiple territories, are increasingly complex and under continuous review. Calls for corporate accountability have driven new regulations around internal controls and management certifications. And everywhere, industrial manufacturing companies are trying to figure out how to get the most out of their IT and people investments.
At PwC, we bring together experts worldwide to help industrial manufacturers address these important issues.