Industrial Insights
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
3y ago
The industrial products sector represents some of the most dynamic, multinational organizations across diverse industries that impact our daily lives. PwC offers insights and solutions to address the complex needs of this sector. Explore perspectives on critical business issues facing industrial companies by subscribing to PwC’s Industrial Insights ..read more
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Why cybersecurity is manufacturers’ responsibility in the 4IR era
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
3y ago
By Aaron Schamp and Bobby Bono Governments and citizens are turning to industrial manufacturers to help reimagine and remake how we live, work and care for one another. And the industry is responding. Consider how, at the height of the COVID-19 pandemic, companies quickly shifted to additive manufacturing and 3D printing to produce ventilator parts and personal protective equipment in large volumes. Or how manufacturers are helping to accelerate the transition to smart cities to deliver better and more efficient services to citizens via connected devices over digital platforms. Alongside all ..read more
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Resiliency, innovation will dictate the future growth of the aerospace and defense industry
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
3y ago
By Scott Thompson PwC’s recently published seventh annual edition of aerospace manufacturing attractiveness rankings comes during a period of considerable upheaval for the industry. Indeed, the global aerospace and defense (A&D) industry will likely look back on 2020 not only as a year of great disruption, but also as one that triggered profound reinvention. Ultimately, demand for commercial air travel (as well as cargo freight) will recover, but it’s still uncertain what that recovery may look like, and how long it may take. But it appears it will be an arduous climb back. Just consider ..read more
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Manufacturing CEOs: Don’t be Discouraged by How Fast 4IR is Evolving
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Anil Khurana and Bobby Bono The Fourth Industrial Revolution – or 4IR – is not an uncommon term anymore within the manufacturing industry. In fact, many organizations have implemented somewhat of a 4IR strategy – including technologies such as analytics, IoT sensors, drones, AI, and others which enable applications such as digital twinning and predictive maintenance and track and trace and others – into their holistic business plan and are reaping the benefits of their digital transformation. However, a majority of companies have yet to embrace the Fourth Industrial Revolution, and they ..read more
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Aerospace & Defense competitors seeking growth opportunities will be the focus for 2020
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Scott Thompson and Bob Long Aerospace & Defense M&A activity in 2019 was largely impacted by the second quarter of 2019, which included the $52 billion merger of Raytheon and UTC – the A&D industry’s largest transaction in its history. Deal values were largely impacted by this megadeal, but the more telling story of 2019 is found in transaction volumes, which fell just short of 2018, but exceeded the ten-year average in the industry. However, even when isolating the Raytheon and UTC merger, 2019 was a robust year in terms of M&A. The total deal value was $93.8 billion, wi ..read more
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Operational technology security is the hottest issue in manufacturing – How can we protect it from cyber risks?
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Chad Gray, Harshul Joshi, and Aaron Schamp Industrial companies are immersing themselves in the Fourth Industrial Revolution and increased automation has led to significant efficiency improvements within these organizations. However, this digital transformation shift is also presenting opportunities for the cyber world to take advantage of these companies, especially those that still have – or are adding – outdated operational technology (OT) to their functional infrastructure. Vulnerability and exposure to a company’s OT environment can lead to risks such as cyberattacks, which can ulti ..read more
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A tax technology strategy and tax professional upskilling are critical to leveraging emerging technologies
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Chris Kontaridis, Mark Nadel, and Nancy Hsieh What things are critical for tax functions to successfully leverage emerging technologies? PwC and the Manufacturers Alliance for Productivity and Innovation (MAPI) recently collaborated on a survey to determine just that. Here are a few of our findings. Tax functions in the manufacturing industry continue to rely heavily on the time-consuming and use of spreadsheets — 53% of survey respondents are spending more than 30% of their time gathering and preparing data for tax provision and compliance purposes. They must consider innovative ways to ..read more
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Three steps to building cyber resilience
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Joe Nocera and Aaron Schamp As digital is increasingly integrated into business practices, companies are facing significant vulnerability to cyberattacks. And so they are overhauling strategies to protect themselves from cyber disruptions. How are they doing that? We asked more than 3,500 firms globally about their resilience strategies and the standards they’re aiming for. We found that companies that were most resilient have shifted away from the traditional disaster recovery/business continuity model to create processes that better fit current threats. This approach includes three ste ..read more
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Adoption of emerging technology can help manufacturing tax functions improve efficiency and productivity
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Chris Kontaridis, Mark Nadel, and Nancy Hsieh The current global economic and tax climate is causing unprecedented change to tax functions in the manufacturing industry. The impact on each tax function will be different, but certain trends, including rapid technological change, are prompting tax functions in manufacturing to reassess their adoption of emerging technologies. They know that the increasing use of emerging technologies can drive efficiency and productivity in the tax function and enhance data and analysis needed to enable insightful decision making. PwC and the Manufacturers ..read more
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Is 3D printing of metals about to take off?
PwC Industrial Insights Blog » Aerospace & Defense
by Jennifer Flunker
4y ago
By Miguel Smart The use of metals for 3D printing (or 3DP, also known as additive manufacturing) has been slow to catch on. Currently, for most applications, metals 3DP is more costly than traditional manufacturing, especially because parts have to be redesigned for the technology. But as the use of 3DP increases, resulting in lower material costs and better printing technology, it is closing the gap with traditional manufacturing methods for many components. The metals share of the market is expected to grow at a faster rate than either plastics or traditional manufacturing. We expect meta ..read more
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