Executives in the industrials, manufacturing and transportation (IMT) space maintain a positive outlook for conditions in their markets. Only 20% feel doing business is becoming more complex, and 50% feel it has remained unchanged. This positive sentiment is somewhat surprising given uncertainties around the future of the TPP and threats to free trade from populist governments. These uncertainties aside, various other macro factors and challenges are having an impact on Asia’s industrial base.
TRENDS AND KEY COMPLEXITIES:
Economic growth uncertainty and cost concerns are the top complexities facing manufacturing and industrial corporations. Deploying new technology to upgrade outdated manufacturing processes and drive innovation is also a concern. M&A is proving a viable strategy for manufacturers to grow beyond their home markets and dominant market segments.
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