Early 2020, Linde Consult started an extensive research project with the objective to create a full insight in the competitive landscape of the 100 most prominent manufacturers of food processing & slaughterhouse equipment in the industries of Fish, Meat and Poultry (see here).
Research results
Besides describing, analysing and presenting conventional market data such as company size, turnover, number of employees, product portfolio and head quarter location we mapped the relative competitive power of the big-100 (using strength of vision, and ability to execute as coordinates) and presented current trends and challenges that influence how manufacturers develop their business. The research results are in fact the recipe for growth in the food processing equipment manufacturing industry.
How trends influence growth
One of the main findings of the research are that currently, technological and economical mega-trends affect the Food Processing Equipment Manufacturing Industry most. Political, Sociological and Environmental trends also play a role but have less impact on growth so we focus on technologic and economic trends in this how-to-guide. Factually, trends have the power to influence a whole industry, forcing the complete set of competitors into a certain direction with regards to product & business development.
Not surprisingly, the technological trend has a big impact on the equipment manufacturers thanks to new Industry 4.0 functionality becoming readily available, and thanks to customers now demanding more digitalisation and automation in products, services, and solutions that are a combination of both products and services. This drives the development of connected ‘smart’ equipment.
In parallel, the economical trend drives manufacturers to develop new business models with focus on outcome-based services that have become available and deliverable with the new technologies they developed as a result of the technological trend.
Combining the two strongest trends (blending new technology-driven services with a new service-delivery business model) is currently the juiciest recipe for growth in the Food Processing Equipment Industry.
How can your manufacturing business drive growth?
What can you do right now to capitalize on these new insights? How can you drive growth?
Of course, changing your organization is never easy and you should prepare for a lot of strategy work and fulfilling prerequisites. Don’t let it stop you! Start to identify your low hanging fruits and go from there.
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Het Linde Consult team
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