Manufacturing firms globally are at a crossroad – The traditional model of competitiveness driven by low labor costs are being disrupted by a global megatrend of rapid digitization of every aspect of the manufacturing supply chain. While favorable policies like Make in India and increased FDI are driving growth in manufacturing in India, there is a need for Indian companies to adopt digitization to retain a competitive edge globally. This requires manufacturing companies to understand what it means to be digitally ready, and to what extent they are prepared to face the changing digital landscape. It also requires manufacturing companies to understand and leverage global best practices to develop and implement an effective global strategy.
Avalon Consulting has developed a framework for manufacturing firms to assess their current state of Digital Readiness, along with some thoughts on how to strengthen and leverage the same for achieving a strong, competitive position in the market. We are glad to share this thought paper on “Driving Digital Readiness: A Framework for Manufacturing Firms”