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Digital transformation
in the Italian manufacturing industry

local insight italy altios

April 2023

The Italian manufacturing sector has experienced outstanding growth in 2022 and 2023.

Moreover, thanks to the steady advancement of digital innovation, 4.0 technologies at the service of companies and workers, particularly in the engineering and manufacturing sector, will be able to trigger a virtuous circle destined to foster strong growth in the next three years.

How are companies in Italy preparing to face this incoming wave of innovation? And what advantages are there for international firms interested in developing their business in the Italian manufacturing industry?

Italian manufacturing companies expect even greater technological transformation

Digital Transformation - First img

Interesting data has emerged from the 2022 survey conducted by Fòrema, with reference to two interrelated processes, namely digital and green transitions. Supporting the extent to which this scenario represents the future, also on a global level, the report The Rise of the Smarter, Swifter, Safer Production Employee‘, carried out by Ericsson IndustryLab, analyzed the ongoing transformation from which comes out a growing demand for greater productivity and efficiency.

Needless to say that automation technologies have enabled manufacturing to absorb the impact of the economic crisis generated by the Covid-19 pandemic.

In fact, 78% of Italian manufacturing companies declared their financial performance unchanged or even improved.

The research carried out by Assindustria‘s training organization, in detail, focused on how companies will change in the coming years, both in terms of activities and functions as well as organizational relations. According to the survey included in Fòrema’s study, 30% of companies, the vast majority of which are part of the manufacturing and engineering sectors, expect an increase in activities, while 17% expect a radical change in the company. Larger companies are expecting more radical transformations than small and medium-sized companies, in both quantitative and qualitative terms.

Digital Transformation and sustainability as major shifts

On the subject of Digital Transformation, 52% of the companies stated that they had already carried out training actions to adapt technical and behavioral skills in the digital sphere: this testifies to the fact that digitalization processes have therefore involved the majority of the companies surveyed, even if these paths mainly concern the design and management sectors and to a lesser extent the more operational profiles. On the issue of sustainability, on the other hand, less than half of the companies stated that they had implemented specific actions to equip themselves with skills for greater corporate sustainability: a topic on which further efforts are needed.

Digital Transformation - Green

How are Italian companies adapting to this speeding transformation?

In order to face a situation of continuous change, companies must focus on recruitment and the acquisition of new professional skills, such as hiring figures such as Chief Technology Officer-IT managers, and technicians capable of identifying the best technologies to apply to the products or services the company produces, but also Digital Manufacturing managers, i.e. profiles that know how to use innovations in production processes.

Above all, however, the focus is on figures capable of redesigning and planning production and the management of incoming and outgoing material flows on production lines: in this period of crisis in the cost of materials, these figures are fundamental for keeping the production cycle profitable.

Moreover, according to the research, ‘The Rise of the Smarter, Swifter, Safer Production Employee’ Italy is confirmed as one of the most advanced countries in terms of the use of ICT tools, with 48% of companies using at least three of the technologies considered, compared to 41% of the global average. Now more than ever, investing or expanding in Italy for international companies means a booming market for excellent business growth.

Navigating the Italian manufacturing sector with the right partner

There are a number of challenges that the Italian manufacturing sector faces in an environment still affected by the pandemic, such as international competition, the need for greater flexibility, and the challenge of increased job security. Furthermore, to keep up with the evolution of technology, companies are faced with the need to upgrade machinery and equipment, make processes more efficient to meet the need for greater sustainability and increase the resilience of supply chains. These challenges represent a fascinating path full of development opportunities for the Italian manufacturing industry.

However, navigating this promising market without a third-party expert can be risky. Our Italian teams can provide personalized offers and support you throughout your international expansion journey.

Book an appointment with our experts in Milan and Turin to know more.

Want to learn more?

Discover our most recent article on Italian companies and internationalization: Crédit Agricole Italia in Trento with Altios International to promote the companies internationalization

FERRO DUO

Ferro Duo shares its story on how they plan to introduce a new product line in a different sector

The support M+V Altios gave us was exactly what any new business in a new market needs

Alexander Kehrmann
CEO
Challenge
  • Even if Ferro Duo is an established, international name, the company faced a challenge when it added a new product to their range in a sector FerroDuo had little experience with: fertilizers.
Solution
  • An Altios M+V dedicated team mapped out the opportunities for their products in the fertilizers market of four countries (Germany, Italy, France and Spain) and identified leads and opportunities by cold calling.
Result
  • Leads were identified in every markets. In Italy, some leads have already been turned into business opportunities.

You would like to know more about FerroDuo’s story and its last challenge?

Discover more about FerroDuo on: https://www.ferroduo.com

Company Profile

Founded in 2002

Headquarters: Germany

Expertise: recycling products from various industries to recreate new ones

Target countries: Italy, Germany, Spain and France

format vertical site internet success story Ferro duo

Altios Italia and Crédit Agricole Italia banking group were pleased to invite companies to their online event "INTERNATIONAL DEVELOPMENT: tools and strategies for growing abroad", which was held on May, 5th, and 6th, 2021.

May 2021

The online seminar held on May, 5th, was followed by B2B meetings, enabling companies from all sectors to discuss projects or issues with active experts in major world markets.

Click on the link to watch the replay of our Italian webinar: https://attendee.gotowebinar.com/recording/385631028473576195

/ Crédit Agricole Italy

Crédit Agricole Partners with Altios To Provide International Offer to Clients

We want to have a long-term relationship with our customers and to support their goals.

Frantz Puccetti
Head of Mid Corporate Projects of Crédit Agricole Italia

Challenge

  • In 2007, Crédit Agricole partnered with Altios to provide a range of solutions to facilitate and accelerate expansion in worldwide markets, from strategy development and implementation to prospection and talent acquisition.
  • Heightened global competition has changed the landscape of the Italian economy.
  • In recent years, mid-sized companies are seen as an important driver of market growth in Italy. “We’ve seen a growing interest from Italian mid-sized businesses wanting to expand internationally,” Mirko Mottino, Managing Director of Altios Italy.
  • For Crédit Agricole Italia, serving its client base means being their partner in the growth of their business, both locally and internationally. “Many of our clients have limited resources. A partner who can help them learn and navigate international expansion is essential,” said Puccetti.

Solution

  • A growing number of businesses wants assistance in international development. Credit Agricole Italia and Altios partnered to provide one-day events focused on global expansion.
  • The “8-Hours Around The World: Ideas and Solutions for Internationalisation” event allows local business leaders to meet with Altios country directors and Crédit Agricole specialists.

Result

  • At the event in Rimini, Italy, in 2019, more than 100 meetings took place with partner representatives from 14 countries. Attendees connected with consultants from Altios and Credit Agricole to discuss international expansion.
  • The partnership between Crédit Agricole and Altios provides mutual support to clients in their international expansion, across geographies and areas of service support. Their shared global expertise and goal-driven approach reflect in each client project.
  • “Altios is a good partner for Crédit Agricole because they are in the most relevant markets. Together, we can be a one-stop-shop for our customers,” said Puccetti. “Crédit Agricole and Altios aim to be more than just service providers—we aim to be valued partners to our clients.”

Learn more about Crédit Agricole Italy: https://www.credit-agricole.it/

Company Profile

Crédit Agricole Group, based in Paris, France

10th-largest bank in the world, with 52 million customers and 11,000 branch offices in 50 countries.

Industry: Finance

Part of the bank’s services is dedicated to supporting the international development of local businesses

Target country: Italy