French Manufacturing Competitiveness Radar 2015/2016
Fourth edition of our survey on French plant competitiveness: The role of manufacturing in advanced economies is changing.
The role of manufacturing in advanced economies is changing, a mood positively reflected in the steady increase of French manufacturers who consider themselves competitive. Manufacturing players across a variety of industries, from pharmaceuticals to agriculture, frequently exceeded their own projections for increased competitiveness in recent years; however, this is now beginning to stabilize. In 2015, 82% of plants called themselves competitive, yet only 46% expected to improve further in 2016.
Profit margins have also been stable and are expected to remain so. While labor costs are high, most competitive manufacturers are more concerned with operations, seeking to ensure efficiency in their processes and along the supply chain. Larger manufacturers may perform better, but our study shows that size does not necessarily have any correlation to competitiveness. Similarly, the volume of products manufactured for export also had little bearing.
This increase in understanding and cognizance of the potential impact of digital manufacturing concepts is crucial to continued competitiveness. Our study reveals that the key to maintaining – or in the case of non-competitive plants, creating – this competitive edge will lie in increased involvement in new product development.
Fourth edition of our survey on French plant competitiveness: The role of manufacturing in advanced economies is changing.