Frost Radar™: Manufacturing Excellence, 2024
Published on: 14-Jun-2024 | SKU: CI_2024_810

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As geopolitical tensions continue to disrupt critical supply chains and cloud global economic prospects, countries are increasingly working toward building robust multi-industry domestic manufacturing capabilities. While this trend is witnessed across many countries, emerging economies such as India, China, Indonesia, Vietnam, and Mexico are, particularly, benefitting from the emphasis on manufacturing-driven economic growth modeling. With a huge demographic dividend, competitive labor costs, availability of integrated infrastructural facilities, strategic geographic locations, and prudent macroeconomic conditions, these countries are steadily positioning themselves as go-to manufacturing hubs.

During the long term, manufacturing processes will undergo massive transformation as concepts such as sustainability, Industry 5.0, cybersecurity, and talent retention gain major impetus. Along with accelerating the transition to high-tech manufacturing ecosystems, these factors will maximize per capita manufacturing efficiency, lower operating costs, improve labor productivity, and incubate new manufacturing-based growth opportunities.

This macroeconomic thought leadership provides a snapshot of the future growth potential for the global manufacturing industry as well as country-specific analysis of manufacturing capabilities. Decision-makers and businesses can leverage insights into regional growth opportunities that will emerge in the manufacturing sector because of structural shifts in the global economy and changing geopolitical relations.

Key topic areas covered:

  • Key Transformations faced by Global Manufacturing Industry
  • 2030 Outlook of the Global Manufacturing Industry
  • Challenges Faced by the Global Manufacturing Industry
  • Key Manufacturing Countries to Action 
  • Top 10 Manufacturing Hotspots and their Best Practices

Frost Radar™: Manufacturing Excellence, 2024—Global Strategic Imperatives

Frost Radar™: Manufacturing Excellence, 2024—Growth Environment

Frost Radar™: Manufacturing Excellence, 2024—Global Challenges

Frost Radar™: Manufacturing Excellence, 2024—Top 10 Countries

Frost Radar™: Manufacturing Excellence, 2024—Country Ranking

Frost Radar™: Manufacturing Excellence, 2024—Manufacturing Opportunities and Hotspots

Frost Radar™: Manufacturing Excellence, 2024—Global Competitive Environment

#1 China

#2 United States

#3 Germany

#4 Japan

#5 India

#6 South Korea

#7 Mexico

#8 Malaysia

#9 Indonesia

#10 Ireland

Frost Radar™: Manufacturing Excellence, 2024—Empowering Governments and Policymakers

Frost Radar™: Manufacturing Excellence, 2024—Empowering the CEO’s Growth Team

Frost Radar™: Manufacturing Excellence, 2024—Framework

Frost Radar™: Manufacturing Excellence, 2024—Methodology

Country Selection for Assessment

The Growth Axis—Economy, Investment, Citizens

The Innovation Axis—Six Pillars of Social Priorities

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

As geopolitical tensions continue to disrupt critical supply chains and cloud global economic prospects, countries are increasingly working toward building robust multi-industry domestic manufacturing capabilities. While this trend is witnessed across many countries, emerging economies such as India, China, Indonesia, Vietnam, and Mexico are, particularly, benefitting from the emphasis on manufacturing-driven economic growth modeling. With a huge demographic dividend, competitive labor costs, availability of integrated infrastructural facilities, strategic geographic locations, and prudent macroeconomic conditions, these countries are steadily positioning themselves as go-to manufacturing hubs. During the long term, manufacturing processes will undergo massive transformation as concepts such as sustainability, Industry 5.0, cybersecurity, and talent retention gain major impetus. Along with accelerating the transition to high-tech manufacturing ecosystems, these factors will maximize per capita manufacturing efficiency, lower operating costs, improve labor productivity, and incubate new manufacturing-based growth opportunities. This macroeconomic thought leadership provides a snapshot of the future growth potential for the global manufacturing industry as well as country-specific analysis of manufacturing capabilities. Decision-makers and businesses can leverage insights into regional growth opportunities that will emerge in the manufacturing sector because of structural shifts in the global economy and changing geopolitical relations.--BEGIN PROMO--

Key topic areas covered:

  • Key Transformations faced by Global Manufacturing Industry
  • 2030 Outlook of the Global Manufacturing Industry
  • Challenges Faced by the Global Manufacturing Industry
  • Key Manufacturing Countries to Action 
  • Top 10 Manufacturing Hotspots and their Best Practices
More Information
Deliverable Type Frost Radar
Author Rituparna Majumder
Industries Cross Industries
No Index No
Is Prebook No
Keyword 1 Manufacturing excellence market trends
Keyword 2 Manufacturing excellence 2024
Keyword 3 Competitive manufacturing analysis
Podcast No
WIP Number PFIA-01-00-00-00

Frost Radar™: Manufacturing Excellence, 2024

Cross IndustriesFrost Radar™: Manufacturing Excellence, 2024

Sustainability, Industry 5.0, and an Evolving Geopolitical Landscape to Transform Manufacturing Growth

RELEASE DATE
14-Jun-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: PFIA-01-00-00-00
SKU: CI_2024_810
AvailableYesPDF Download
$4,950.00
In stock
SKU
CI_2024_810