In PWC’s work with industrial manufacturing clients, they keep noticing the critical impact of innovation up close every day. It’s one sector where innovation has a dramatic impact on not just the bottom line of individual companies, but also on the productivity of entire sectors like mining, construction or agriculture. And it has a dramatic impact on company competitiveness. The most innovative manufacturing companies managed a 38% increase in revenues over the past three years. That’s nearly four times the rate of growth of the least innovative companies in the sector.
Most of PWC’s industrial manufacturing clients already recognise the importance of innovation. But they’re not always getting the benefits they could be from their investments. That’s where this paper from the global tax advisory firm comes in.