R&D investments to rise in global manufacturing industry

The KPMG Global Manufacturing Outlook shows that manufacturers know that investing into breakthrough technologies is a "must do" long-term strategy with more than two-thirds of respondents confirming they are focused on long-term innovation strategies. Half of all manufacturers say their strategic focus is innovation-led. 32% cite the development of new products and R&D as a top strategic priority. 30% say the biggest challenge for their organization is R&D inefficiency.
41% of respondents say their primary strategy for innovation is to pursue breakthrough advances. 74% say they will spend upwards of 4% of revenues on R&D over the next two years (Press Release KPMG, 12 August 2015).
Click here for the press releae.
Click here for the report (2.57 MB).

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