The Industrial Goods Playbook: A Guide to Navigating the Future of the Industry
The Industrial Goods industry took a big hit in 2020 when the pandemic caused havoc in supply chains, and consumer demands shifted. However, the demand for industrial goods is now increasing and so does the pressure for digital transformation. The Industrial Goods Playbook reveals how companies can overcome challenges with the help of digital commerce technology to ensure their business thrives in this rapidly evolving market:
Insights into the latest trends and best practices in Industrial Goods, with a focus on digital requirements
Advice and insights on everything from e-commerce and supply chain management to marketing and customer experience.
Tips and strategies for driving growth and success in the digital era, with a particular emphasis on creating compelling e-commerce strategies
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The status quo of Industrial Goods
The industry took a big hit in 2020 when the Covid pandemic caused havoc in supply chains, and consumer demands shifted. However, even as macro factors such as geopolitical instability and a potential economic downturn continue to impact all industries, the demand for industrial goods is expected to increase.
Global industrial goods sales are projected to reach over $15,000 billion by 2030, with Chinese companies accounting for over half of that.
As the global need for large-scale industrial projects increases, so too does the pressure for digital transformation. 2023 and beyond will see several key trends impacting industrial goods, from Internet of Things (IoT) and artificial intelligence (AI) to sustainability and ongoing supply chain disruption. Efficiency and productivity will be vital in differentiating the winners from the losers, with those able to adapt and evolve with new technologies better able to ride the digital transformation wave.
For industrial goods players to secure their position in this lucrative market, they must first understand the challenges they’re facing, and analyze the digital commerce solutions before them. The key to success lies in digitizing quickly, iterating, and increasing capabilities along the way. Read on to find out more.