Industrial expertise through practical experience, exchange and further training: our experts in the Competence Center Industrial Products have been developing their industry know-how for years. They provide industry data and thus the basis for your strategy decisions – always with the focus on our clients’ most important fields of action: growth, performance and compliance.
With our expertise we will assist you in ensuring your success with solutions tailored specifically to your industry sector. We understand your business activities, operating processes and risk environment and are continuously developing innovative solutions for the challenges of your industry.
After the boom years, the economic crisis has now reached almost all sectors of industrial production. The fragile recovery in global markets as well as the pressure on prices and margins come along with the challenges of the 21stcentury: internationalisation, scarcity of raw materials, skills shortage and sustainability are the main issues on the way to economic success.
These sectors go hand in hand. Through customer-supplier relations they often form a joint value chain. Moreover, the five sectors are increasingly considered to be innovators in overcoming structural changes which the industries are facing today. PwC experts therefore offer you tailor-made solutions for your industry and your business. Our comprehensive know-how in auditing as well as in consulting services in tax, transactions and process related matters is concentrated in a separate Competence Center for each industry.
We place a great deal of value on constant industry-related training and knowledge exchange to keep up to date. Our international network ensures that we can utilize the experience and expertise of our people worldwide. This ensures high quality standards that are expected by our clients.
Another important aspect of our activity is to establish industry-specific surveys and benchmark studies as well as to sponsor and to take part in national and international conferences. The publication "Quo vadis, Stahl? Cui bono? Agenda Stahl 2020" provides an exclusive outlook on the development of the global steel market. How to overcome long built inefficiencies within the structures of the European Defence industry, you will find in our publication "Challenges for the German defence industry - CEO Agenda for 2030".
Experience shows that, at short term, crises lead to a market shake-out. In the medium and long term, however, they can also offer profitable opportunities to solid yet flexible companies. Market shares are not won in good times, but during a crisis and at the beginning of an upswing. Therefore, companies should primarily focus on three strategies: maximising liquidity, reducing costs and securing their turnover.
What factors will influence the economic development of the companies of industrial production in the upcoming years? Some examples of current topics are: working capital management, innovation management, financial accounting services, cash improvement/cash-oriented management (in particular for small and medium-sized companies), procurement improvement, complex project management, implementing cost cutting strategies and sustainability.
Dr. Frank Schmidt
Leiter Tax & Legal Frankfurt
Tel: +49 69 9585-6711
Dr. Thomas Wolf
Tel: +49 211 9811-869