ebook: Addressing the Cooling Economy in Manufacturing

The Reality in Manufacturing

The reality is that the economy is cooling, and it’s not expected to get better anytime soon. Both business leaders and economists are sounding the alarm that tougher economic conditions lie ahead. In fact, a majority of small and midsize US business leaders expected a
recession in 2023, according to a recent 2023 survey from JPMorgan Chase.

Underlying many companies’ dismal outlook is a recognition that the risks of doing business have dramatically increased. Inflation has caused the Federal Reserve in the US to raise interest rates at such a rapid pace that it represents the most aggressive monetary tightening in four decades.

Content: What You Will Get With This ebook

The purpose of this ebook is to help manufacturing companies relate to macroeconomic trends and develop an informed strategy for how to respond.

• Chapter 1 provides summaries of what the cooling economy means for your business.
• Chapter 2 makes the case that despite the economic headwinds, businesses need to continue innovating and transforming their operations in a strategic, disciplined manner—because standing still is essentially the equivalent of falling behind.
• Chapter 3 provides specific, actionable guidance on how to move forward strategically, with a focus on applying digital transformation principles to operate more cost-efficiently and to future-proof the organisation for long-term resilience.