China's "New Normal" of lower economic growth rates, and the country’s orientation towards higher value-added production and stronger domestic consumption entails a transformation process that comes with new challenges for foreign-invested companies in China. The country is no longer the extended workbench of the world. Companies that want to succeed in China need to focus on the domestic market.
The „Made in China 2025“ campaign, initiated by the Chinese government, seeks to promote more innovation, digitalization and Industry 4.0 practices among Chinese companies to improve their competitiveness. Many foreign-invested companies in China are part of the manufacturing sector and are deeply impacted by the current transformation. To remain competitive, they need to consolidate their operations and focus on internal efficiencies more than ever.
The China Productivity Snapshot 2016 takes a closer look at the status quo of productivity issues of these firms in their production area and provides answers to the following questions:
- How important is it for manufacturing companies in China to increase their productivity?
- How satisfied are companies with their current approach and methods to tackle productivity issues?
- What are key barriers and challenges that need to be addressed in order to improve productivity in the production area?
- How can companies evaluate their current productivity and define appropriate solutions?
If you are interested, please feel free to download the management summary or the complete study results.