U.S. manufacturing CEOs more confident than global peers, KPMG study finds
U.S. manufacturing CEOs more confident than global peers, KPMG study finds
Insight

U.S. manufacturing CEOs more confident than global peers, KPMG study finds

More than 9 in 10 in U.S. report their companies are keeping pace with technology disruption and innovation.

By Matt Weiss

 

More than 9 in 10 U.S. manufacturing CEOs are confident their companies are keeping pace with technology disruption and innovation, according to the 2018 KPMG Global Manufacturing Outlook. Conversely, only-two thirds of global manufacturing CEOs express that same level of confidence in their innovation journeys, and 34 percent admit they are struggling to keep pace.

 

While some CEOs are expressing greater confidence in their innovation journey, its clear all CEOs recognize a failure to adopt and implement new technologies will leave the organizations at a competitive disadvantage
Doug Gates

“Manufacturers are facing an unprecedented convergence of tech-driven change,” said Doug Gates, KPMG’s Global Chair of Manufacturing. “While some CEOs are expressing greater confidence in their innovation journey, it’s clear all CEOs recognize a failure to adopt and implement new technologies will leave their organizations at a competitive disadvantage.”

The KPMG research features results from an in depth survey of 73 U.S. manufacturing CEOs and 299 global manufacturing CEOs. Follow the conversation on @KPMGUS_News using the hashtag: #GMOoutlook. Among the key findings:

  • Only 23 percent of U.S. manufacturing CEOs feel lead times to achieve significant progress on transformation seems overwhelming compared to a staggering 71 percent of global CEOs
  • Eighty-five percent of U.S. manufacturing CEOs said rather than waiting to be disrupted by competitors, their organizations are actively disrupting the sector in which they operate compared to just 53 percent of global CEOs.

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Doug Gates

Doug Gates

Global Sector Chairman, Industrial Mfg., KPMG (US)

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