An industry poised for growth
Emerging markets and shifting consumer demand are creating new opportunities in this industry, with business leaders investing in new products, markets and distribution models. At Grant Thornton, we can help you turn these trends to your advantage, while providing you with a clear route for growth.
Our extensive knowledge of the consumer and industrial products industry means we understand the challenges your business faces and can offer effective solutions.
Our teams will take a detailed look at your business and help you to optimise your operations. We’ll help you to improve productivity, making sure you run at the best possible efficiency across your supply chain.
We can also support your ambitions to grow and expand into new markets through our extensive knowledge of mergers and acquisitions. We’ll work with you to explore risks, examine how changing rules can create opportunities and make sure you benefit from relevant tax breaks.
In an industry with international supply chains and market opportunities, our global organisation of member firms allows us to combine both international and domestic knowledge.
Our teams offer solutions tailored to the consumer and industrial products industry, including working with you to:
- enrich your business planning
- make sure you meet regulatory challenges
- enter new markets
- address increasing costs and labour challenges
- manage risks and food regulations.
Advances in technology are increasing the risk of disruption in the market and existing players, both upstream and downstream, are taking note. They’re innovating. They are making more use of lightweight materials and alternative fuels and taking the first steps towards intelligent and connected vehicles.
Consumer requirements are changing too, as society moves away from traditional vehicle use to more diverse mobility solutions, such as car sharing. It is a shift with major implications for an industry that is already one of the most complex and layered in the world. With fast moving global economic change, flexibility and innovation are key. The most successful auto companies – whether an original equipment manufacturer (OEM), supplier or distributor – will be those that anticipate threats and opportunities, and respond accordingly. So while the future will bring many technical developments, new business models and strategies will be important too.
We work with clients at every stage of the automotive value stream. We’ll work with you to identify the challenges affecting your business, optimise the solutions and maintain your market share.
To learn more about our automotive services, contact your local Grant Thornton office.