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Asia Pacific manufacturing sector set to grow

Anuradha Shukla | March 4, 2015
Growth in Asia-to-Asia trade to continue in 2015, according to IDC Manufacturing Insights.

Further growth in Asia-to-Asia trade for the Asia Pacific manufacturing sector will continue in 2015.

A newly released report from IDC Manufacturing Insights indicates that this growth is in direct contrast to flattish trends in trade with developed countries.

Countries such as China have shown interest to invest in the region and emergence of new governments in some countries have also encouraged this trend.

This year, board rooms will focus on product innovation, and this will drive enterprise applications to evolve into platforms of innovation and not just digitized work flows.

"Asia is no longer an emerging region looking at the maturity of manufacturing practices and digitization in enterprises," said IDC India principal research manager S Ramachandran. "Asia/Pacific companies will think and behave as 'emerged' players and act accordingly."

Adopting 3rd platform

The Asian manufacturing sector has moved beyond "Innovation Accelerators" such as robotics and realized the importance of adopting the 3rd platform that includes cloud and mobility.

3rd platform mashups with analytics that drive every key decision will develop further in 2015.

IDC predicts growth in cloud-based solutions for supply chain management and associated areas. These areas will continue to grow and extend beyond enterprises to suppliers.

Asian CIO roles are moving towards the business and away from day-to-day IT operations. This movement will shift the focus of IT to service management leveraging plug & play services and off-the-shelf applications.

IDC advises CIOs and their organizations to observe where the industry is headed and plan their decisions accordingly so that they maintain a competitive edge in the region and globally. 

"The inflation in labor cost coupled with shortage of skilled work force will push for 'factories of the future' that are more demand-oriented, data driven and digitally executed," added Ramachandran. "Networks of factories or regional hubs close to market demand will be the norm moving away from single large factories." 

 

 

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