Machinery suppliers compete in the global market and that puts great pressure on margins. It’s a tough business even in the good times, but the challenge is even bigger when the economy takes a dip, because customers are forced to think twice about making new capital investments.
Many OEMs recognize the problem and are already working to mitigate the constant pressure on profits by increasing their focus on services, rather than simply selling hardware. But how are they able to successfully make the transition into a service provider?
Download our free white paper to learn:
- Why OEMs should consider adopting a servitization model.
- How Industry 4.0 and other technology trends are sweeping away the barriers of adoption.
- The major benefits for OEMs to gain from servitization.