BearingNEWS Magazine February 2016

Page 59

EPTDA LEADERS

EPTDA President Curt Carlsson

Manufacturer Council Chair Carlo Rondelli

summarized as following: • EXPANSION: Broaden and deepening EPTDA’s membership base • DIGITIZATION: Transform EPTDA into a community with full focus on modern communication • PEOPLE: Serve the end-customer according to the highest standards • MARKET INTELLIGENCE & NETWORK: Strengthen members to be successful, profitable and competitive • SHARED VOICES & QUALITY: Establish EPTDA as a quality stamp

Digitization Digital tools have become the key differentiators in all businesses. From smart customer database management to more accurate supply chain management, from enhanced design and production to social influencing strategies, digital technology has truly changed the way of doing business with customers. Manufacturers are now collaborating more closely with key suppliers on the co-development of parts and systems and gaining better insight into the supply chains that feed manufacturing and distribution. Advanced analytics are aiding in the understanding of market trends and improving demand planning while simultaneously communicating product changes throughout the supply chain.

Expansion PT/MC industry has been one of the early movers and adopters of the global consolidations. Given the cash-richness of the sector and the influence on the global economy, the next few years will continue

Vice-President Dick Winkelhuis

Executive Vice-President Hans Hanegreefs

to be marked by more Merger & Acquisition transactions worldwide. Despite the fear and uncertainties that come with M&A, the EPTDA believes that there are numerous opportunities for the EPTDA member companies to benefit from these ongoing shifts in the marketplace – by jointly monitoring the potential, and supporting it where it helps the industry’s future growth and prosperity. A strategic and successful M&A should help create stronger capabilities, bigger global networks, synergies in cost of operations, research and development, and price competitiveness – thus helping deliver the margins. EPTDA is helping advance this growth of the PT/ MC industry by adding – as members – key players from key (home and emerging) markets, from key expertise and product range. As every year, also in 2016 EPTDA will dedicate a large proportion of her activities and funds in driving membership growth.

People The hunt for talent has never been larger. This challenge is even bigger for the industrial sectors, which doesn’t enjoy a glitzy glamourous image like information technology or fast moving consumer goods or other consumer focused industries. Besides, with the digital revolution, our industry requires a very different kind of skillset which is a more holistic constitution of the technical skills but also superb sales and interpersonal skills, thorough understanding of digital platforms, and capabilities to drive product and service innovation. All of this requires serious training and development initiatives on company level but also the industry level. As people remain at the core of everything, the EPTDA decided to take education as an important challenge for the association.

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