Sinking, swimming or surfing: Perspectives on operating and business models
The COVID-19 pandemic is liberating manufacturing and production companies to experiment with radical new ideas. Firms are coming up with new ways to maintain production despite disrupted supply chains, or they are mobilizing to design new products as demand for existing products collapses.
With revenues falling universally, companies are doing everything in their power to safeguard cash reserves. This has allowed some firms to discover new ways of doing things without large investment.
Firms that rebound from the pandemic disruption will have some choices to make.
In this context, the World Economic Forum has been working with its Advanced Manufacturing and Production community to find the answers and ensure the manufacturing sector remains relevant in this fast-changing environment. The findings are published in three releases: