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Technological breakthroughs, policy shifts, and sectoral advancements continuously influence organizations in today’s dynamic business climate. This evolving landscape presents C-suite leaders with the formidable task of anticipating change and crafting visionary strategies to propel growth.
On Oct 26th, Page Executive hosted an exclusive webinar featuring Anthony Thompson, CEO of Page Executive, along with our esteemed panel of executive recruitment specialists. This session was dedicated to unveiling the most current industry trends and providing critical insights across various sectors.
Our objective is to furnish contemporary leaders with transformative outlooks that foster innovative and strategic thinking, guiding their organizations and personal career paths toward new frontiers. Below, we present key takeaways from Peggy Zhu, Partner at Page Executive.
Peggy provided a comprehensive overview of the trends, opportunities, and challenges prevalent in key manufacturing sectors for 2023, alongside an analysis of the strategic responses by MNCs and domestic companies to these evolving changes.
Due to global carbon neutrality, companies in fields such as energy storage, photovoltaics and new energy are focused on overseas expansion and ESG. Therefore, overseas sales leaders and COOs of international business units have seen a surge in demand.
The chemical industry is facing ESG challenges and local competition pressure, resulting in a restructuring of business structures. The Fast Moving Consumer Goods (FMCG) industry is focused on domestic brands, investment mergers and acquisitions, overseas expansion, and cross-border e-commerce.
The semiconductor and telecommunications industries prioritise localisation and independent industrial chains. Due to foreign sanctions, many companies are actively increasing R&D investment to achieve independent research and development and production of core components. Therefore, the demand for R&D positions remains high.
The automotive industry focuses on intelligence, digitisation, and electrification. New energy vehicles are also expanding the overseas market with the construction of global production and supply chains. As for traditional manufacturing, intelligent manufacturing, industrial upgrading, and seeking a second growth curve remain the main focus. In the face of an overall economic downturn, companies will focus more on customer retention and service in the current market.
MNCs and domestic companies have different strategies to react to the changes. Peggy shared that MNCs emphasise adjusting strategic focus, digital transformation, cost reduction and efficiency enhancement, and organisational restructuring (vertical management). In comparison, domestic companies prefer expanding their overseas market and developing a second growth curve for the company, as well as raising funds.
Please click here to watch the webinar recording.
If you are interested to read more career advice, please click here.
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