Long-term prosperity in business is rare and decreasing. In the U.S., for example, research has shown that companies currently remain in the S&P 500 index for an average of just 18 years, down from 61 years in 1958. And it’s a similar story elsewhere in today’s dynamic, interconnected world.
Markets and manufacturing practices have evolved and companies now work with an increasing number of global manufacturing and supply partners, impacting the ability to manage quality effectivity.