The Engineering & Capital Goods sector encompasses a wide array of product categories and reflects a nation’s technological and manufacturing capabilities. Since the various waves of the Industrial Revolution, industrial activity has been crucial for economic growth. While Western economies have shifted focus from manufacturing to investing in intellectual property, technology, and design, many emerging economies are stepping up to fill the gap by fostering industrial activity.
Companies in developed economies are exploring new markets as growth in their traditional ones slows. Meanwhile, domestic players in emerging markets are competing against rivals with advanced technology, superior products, and global scale. In response, they are increasingly seeking internationalization to access technology, customers, or resources.
As a result, we are entering an era marked by both uncertainty and opportunity, where a well-crafted strategy is essential for achieving success.