The Industrial Products & Services sector in Switzerland includes mechanical engineering and electrical engineering and electronics companies as well as precision instrument manufacturers.
Amid intensifying global competition and the need to develop new markets as well as optimise growth in established markets, innovation and new products/services are vital for companies in this sector.
To increase their future competitiveness, the establishment of a comprehensive culture of innovation spanning all business areas becomes indispensable for Swiss manufacturers. The building of an innovation management model that includes both strategic and organisational aspects is a clear competitive advantage.
An additional opportunity is the bundling of higher-margin services businesses with industrial products and/or the introduction of new, exclusive services in established and new growth markets alike. The servitization trend in the global manufacturing industry is ever-increasing and offers new growth potentials for Swiss manufacturers.