Maintaining a position at the top in the manufacturing sector requires constant evolution and reinvention. Facing uncertainty from supply chain disruption, technological change and competition from lower-cost markets, manufacturers are constantly under pressure to secure their position. At Forvis Mazars, we offer strategic and operational advice that turns risks into opportunities.
In the manufacturing industry, companies are constantly seeking ways to drive efficiencies, reduce costs and gain a competitive advantage. Today’s market contains multiple risks and competitive pressures, including volatile commodity prices, supply chain disruption, technological change and the ebb and flow of supply and demand. Only by adopting the right strategy and exploring new ways of creating value can a company achieve long-term success.
As a manufacturer, you may be having concerns about your operations, such as:
Our professionals have the expertise and deep industry knowledge to help you implement strategies that solve these problems. Our multidisciplinary team works with manufacturers large and small, and can provide you with a full range of audit, tax and advisory services tailored around your specific needs.
Our capabilities for manufacturers include:
Financing and securing your supply chain
Obtaining essential financing for projects and securing supply chains are two of the most critical tasks for manufacturers. When we work with you, we mobilise our professionals to help you with the financing of projects and infrastructure. Our team can also work with you to optimise your supply chain at a global level and implement a reverse factoring solution where needed.
Securing and optimising your operations
It is vital that your business is robust. We can work with you to digitalise your operations and harness data to improve productivity. We can also review your investment projects, put in place internal controls and risk management procedures, conduct reviews to improve decision-making and fraud prevention and implement a green strategy.
The Covid-19 lockdown has put renewed pressure on businesses to ensure their supply chains can keep up with fast-changing demand. Digital transformation, says Abhijit Pal, is the answer to avoiding delivery delays and inventory issues, and by making digital interventions that enhance efficiency and reduce costs, a business can weather the current storm and prepare for future success.
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