Manufacturers shift focus from cost to growth

Posted on 20 Sep 2011 by The Manufacturer

Top-line growth focusing on new product development, strategic acquisitions and increasing production capacity in high-growth markets is the main priority for manufacturers worldwide.

The increased focus on growth has been revealed by KPMG’s 2011 Global Manufacturing Outlook which has shown a clear shift from manufacturer’s strategies for the previous two years which saw top-line growth and cost containment as equally important. The survey reveals that more than half of manufacturers globally (56%) are planning to sell new products…

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