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Industrial Machinery Faces a Decade of Disruption
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Industrial Machinery Faces a Decade of Disruption

Brian Myerholtz, Simon Rees, David Benaiges and Markus Lorenz
Boston Consulting Group, 2020
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Editorial Rating

9

Qualities

  • Overview
  • Visionary
  • Inspiring

Recommendation

Breaking into industrial machinery has traditionally been a struggle. The biggest companies already had the best engineers, they’d already scaled-up their operations and they had their physical channels nailed down. Smaller OEMs couldn’t compete in the face of these advantages, making existing companies seem unassailable. Things have changed. By capitalizing on current trends, smaller OEMs and third-party companies that provide digital solutions are on the scene. The Boston Consulting Group’s Brian Myerholtz, Simon Rees, David Benaiges and Markus Lorenz suggest that industrial machinery giants sit up and take notice.

Take-Aways

  • Industrial machinery companies must digitize operations and assets to stay competitive.
  • Industrial machinery will also need to grapple with sustainability issues.
  • Over the next decade, companies in all industries will succeed by providing solutions rather than just products.

About the Authors

Brian Myerholtz, Simon Rees, David Benaiges and Markus Lorenz are professionals with the Boston Consulting Group.

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