Strategy & Leadership

Manufacturing confidence

May 19, 2009

Global

May 19, 2009

Global
Iain Scott

Senior Strategic Analyst, Global Life Sciences Centre

Iain Scott is a lead analyst at Ernst & Young's Global Life Sciences Center, where he manages thought leadership programmes and conducts research across the sector.

Key findings:

  • Companies reveal a surprising level of optimism given the economic gloom
  • Few companies are anticipating a prolonged downturn in business, although 2009 will be a tough year
  • Manufacturers face a wide array of challenges in the current downturn
  • Cost-cutting emerges as the most common means of responding to the economic downturn's impact on business
  • Supply chain resilience is seen as a critical factor in business survival
  • Many manufacturers see the downturn as a time to enhance their efficiency
  • Companies see a variety of business benefits emerging from the recession

Economist Impact is a part of the Economist Group.
Occasionally, we would like to keep you informed about our newly-released content, events, our best subscription offers, and other new product offerings from The Economist Group.

The Economist Group is a global organisation and operates a strict privacy policy around the world. Please see our privacy policy here.

Enjoy in-depth insights and expert analysis - subscribe to our Perspectives newsletter, delivered every week