PricewaterhouseCoopers (PwC)
Canvas Category Consultancy : Company : Strategy
Our purpose—to build trust in society and solve important problems—is at the core of everything we do. It guides how we serve our clients, our people and the world. To help our clients build trust and deliver sustained outcomes, PwC provides professional services across two segments: Trust Solutions and Consulting Solutions.
Assembly Line
Automakers and suppliers have a failure-to-launch problem. How can they fix it?
Over the last four years, there’s been a steady increase in new-model auto launch delays in North America. These delays, caused in part by the pandemic, have also stemmed from numerous challenges surrounding electric vehicle (EV) development and other factors, including pervasive production and supply chain issues. The result has been costly for both original equipment manufacturers (OEMs) and suppliers. According to a PwC analysis, a single 12-month delay can cost an OEM up to $200 million and cost a supplier $15 million. Our analysis, however, does suggest a slight slowing in the rate of delays in 2023. Looking ahead, our analysis suggests that the number of planned launches is estimated to nearly double through 2026 from 2023 levels.
There can be myriad causes for launch delays. They typically occur because of insufficient risk-mitigation planning at the beginning of a product development and production project as well as late detection of problem areas and a slow response to address them. Early-stage missteps, then, can lead to later-stage issues and unrecoverable cost overruns.
So, as OEMs plan new model launches (and especially EV launches), many could benefit by reassessing (or even recalibrating) traditional approaches to design and production and how they work with their supplier networks.
Five million euros in growth capital for Dortmund-based MotionMiners GmbH
Since last week, MotionMiners GmbH and PwC Germany have been going their separate ways in the field of Industrial IoT (IoT, Internet of Things). The auditing and consulting firm PwC Germany is participating as lead investor with a minority share in the Series A financing round through its investment company PwC Holdings Germany GmbH. In total, more than five million euros in growth capital will flow into MotionMiners GmbH, which is headquartered in Dortmund.
High cost pressure and the ongoing shortage of skilled workers are just two of the many reasons that are currently driving companies to optimize their processes. In many companies, production and logistics planners are therefore trying harder than usual to conserve production materials and scarce human resources. It is also a question of shortening throughput times and reducing downtimes. However, existing data from warehouse management systems (WMS), enterprise resource planning systems (ERP) or warehouse management systems are often not sufficient to identify inefficiencies within the processes. As a result, optimization potentials remain largely undiscovered.
Motion Mining® makes it possible for the first time to map the movements of people within processes. In addition to efficiency potential, process managers also gain a picture of ergonomic workflows and can change them for the better.
COVID-19: What it means for industrial manufacturing
The COVID-19 pandemic is already ushering in a host of challenges to US industrial manufacturers, especially those that depend on workers whose jobs cannot be carried out remotely. About 80% of manufacturers expect that the pandemic will have a financial impact on their business, according to a recent survey of the National Association of Manufacturers (NAM). That is significantly higher than the 48% of cross-industry companies that are concerned about the same impact, which is based on CFO responses to a recent PwC survey.