The Engineering & Capital Goods sector covers an extremely diverse range of product categories; it is considered a statement of technological and manufacturing prowess of a nation. Ever since the many waves of the Industrial Revolution swept across the world, industrial activity has held the key to economic growth. Western economies have moved on from their preeminent manufacturing pedestals to investing in IP, technology and design. Many emerging economies are quickly moving to fill the resultant void by creating an environment conducive for industrial activity.
Companies in developed economies are seeking newer markets as growth in their traditional markets stagnates.
Domestic players in these emerging markets are facing off with competitors sporting advanced technology, better products and global scale. They are responding by increasingly internationalising, in search of either, technology, customers or resources.
Consequently we are moving into a world filled with uncertainty and opportunity – one where a well-crafted strategy is mandatory for success.