Fewer than half of manufacturing companies report excellent collaboration between their core functions, leading to critical gaps in innovation, efficiency, and growth. The MPI Group's Innovation and Collaboration Study reveals a direct link between integrated technology, cross-functional teamwork, and superior business outcomes. This report provides the data-driven insights you need to assess your own operational weaknesses and build a more connected, profitable enterprise.
Key Findings from the Study:
- Leadership teams with excellent collaboration are twice as likely to achieve profit gains over 10%.
- Integrated R&D boosts the rate of successful new products by nearly 2x.
- Strong cross-departmental collaboration increases on-time manufacturing delivery above 95%.
- Collaborative supply chains achieve higher on-time supplier deliveries and minimize delays.
- Customer-facing teams with strong internal alignment significantly improve retention rates.
Download the MPI Innovation and Collaboration Study for more insights and strategies to empower your teams to collaborate effectively and drive measurable results for your company.