Forbes

Three Trends Driving Change For Industrial Manufacturers In 2021

Three Trends Driving Change For Industrial Manufacturers In 2021

  • June 03, 2021
  • min read

Forbes

Three Trends Driving Change For Industrial Manufacturers In 2021

New digital competitors are constantly entering the market, putting increased pressure on industrial manufacturers to focus on service-based business models to increase margins and hit revenue targets.

Melchior Bryant of global-management consultancy Bain & Company, explained, “Services are becoming an important addition to portfolios, especially to boost profitability. And for some OEMs, it is the only way to have profitable lifetime revenues.”

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