In mid-2021, KPMG International surveyed 146 CEOs of major manufacturing companies in Europe, North America and Asia Pacific to find out what they have in mind for 2022. A follow-up report, “Global Manufacturing Prospects 2022,” discussed CEOs’ views on supply . chain stability, new technologies, and environmental, social and governance issues.
More than two-thirds of CEOs who responded said they want a more flexible supply chain to avoid another global shutdown.
Grant McDonald of KPMG, a global leader in the aerospace and defense industry, said in the report: “The need for resilience is forcing businesses to be more efficient and make decisions faster. Digitization plays an important role in this.
The pandemic has exposed weaknesses in the supply chain – critical shortages and rising prices. When asked to choose the biggest threat to their business expansion, the CEOs chose the supply chain risk by a large margin.
According to company leaders, extending the visibility of their company’s supply chain to anticipate changes is the best way to reduce disruption.
The United Nations Development Organization (UNIDO) publishes a quarterly report, “World Productivity Development”, summarizing global trends across countries and regions. The report examines production data collected by UNIDO members.
According to the report for the first quarter of 2022, released on June 15, global manufacturing production in North America and Asia recorded annual growth of 5% and 4.2%, respectively.