Why innovating for tomorrow must start today

Welcome to KPMG Insights, a monthly newsletter capturing the top business trends and insights you might have missed this month.

The workplace of the future is not a distant thought exercise. Breakthroughs in emerging technologies, from the immersive worlds of the metaverse to AI-generated articles (can you guess if this piece was written by a human or bot?), are reshaping workspaces, processes and tools as we know them, and at breakneck pace.

In this issue of KPMG Insights, find out what steps organisations can take to start preparing for the next stage of industry and work amid evolving trends in manufacturing, the metaverse and supply chain.

Manufacturing gets cyber-physical

Industry 4.0 calls for the integration of the Internet of Things, artificial intelligence and analytics into production facilities and throughout the manufacturing chain. With an array of technologies to adopt, what should companies focus on to capture the full potential of their transformation efforts or optimise their returns on investment?

Our report outlines three key steps:

1. Define your organisation’s business outcomes and value drivers
2. Integrate business and technology processes. They should go hand-in-hand, and avoid an us-vs-them situationship
3. Collaborate with customers, suppliers and employees for enterprise success

Read on for a more detailed picture of connected manufacturing and its potential challenges.

Shaping spaces where we belong

In an increasingly fragmented world, polarised by geopolitical, economic and technological forces, the metaverse offers hope. Beyond immersion, the virtual world presents an opportunity to shape inclusive spaces where everyone feels represented and that they belong. It gives companies the chance to build a new vision of work that incorporates accessibility and diversity from the start, rather than bolting them on later.

In our report, we explore how:

1. The metaverse is a source of future revenue. Companies that design for diversity now are set to be ahead in the race to revenue generation.
2. The metaverse is the key to the future of work. Companies that embrace diversity, inclusion and equity can attract the best talent.
3. The metaverse is on the investment community’s radar. Investors are putting their money where their values are — in support of a more inclusive world.?

Be part of the change today and pioneer an inclusive metaverse. Read more here.

Weathering oceans of change with future-ready supply chains

To stay ahead and thrive in a volatile world, supply chains need to move with agility and drive forward-thinking innovation. What will that take?

According to our supply chain transformation specialists, it comes down to three key approaches: digitalisation, proactive innovation and prioritisation.

Walter Kuijpers, Partner, Advisory, KPMG in Singapore, shares that businesses can stay ahead of trends and evolve by leveraging digitalisation and emerging technologies such as AI and blockchain.

Rakesh Agarwal, Partner, Advisory, KPMG in Singapore, adds that capitalising on innovative technologies and placing the customer at the centre are key to helping businesses stand out in a crowded marketplace.

Read more on how businesses can forge resilient, future-ready supply chains.