By Rob Starr, Content Manager, Big4.com
The Advanced Materials Systems (AMS) approach calls upon manufacturers to boldly rethink value creation and the means of achieving it, to revisit innovation, and forge new frontiers of opportunity, according to Reigniting growth: Advanced Materials Systems, a report released recently from Deloitte Touche Tohmatsu Limited’s (DTTL) Global Manufacturing Industry group. Additionally, the report concludes that companies have the opportunity to develop targeted functional solutions, enabled by materials and process technologies, to create and capture value in a complex, evolving landscape.
“Manufacturing companies are looking for new methods of innovation and approaches to limit cycle time for new products,” says Tim Hanley, DTTL Global Manufacturing Leader. “The AMS approach enables ‘liquid and solids’ companies to reengineer their business in a more favorable and profitable way to serve the global market as systems integrators. Many leading manufacturing companies are already benefiting from AMS by incorporating important properties into already discovered and available materials to create functional solutions that address global trends.”
According to the report, AMS also calls upon manufacturers to build out and expand beyond the traditional mind-sets of product development, partnering, and business models. The report suggests that substantial market share stands to be captured across numerous segments by companies willing to transcend and venture beyond conventional paradigms.