July 28, 2020. Madison Park Group (MPG) is pleased to announce the release of its July 2020 Manufacturing Software Market Update. Please click here for access to the report.

Although the Coronavirus outbreak has shaken global economies and production capabilities, manufacturers are demonstrating their resiliency in responding to the pandemic. Organizations are reshoring operations, diversifying their input sources and prioritizing “digital first” initiatives to become more efficient. In parallel, technology demands and preferences are fundamentally evolving, with organizations pushing for next generation solutions underpinned by cloud- and sensor-based IoT technology.

MPG’s practice in manufacturing software is spearheaded by Ralph Verrilli and Michael Magruder. Mr. Verrilli commented, “Our manufacturing & engineering software practice has spent many years in this segment as advisors, technologists, investors and operators and we see transformative innovation in this market coming over the next few years. Our comprehensive view of market activity will help companies and boards exceed the high bar that is now required to complete truly market moving strategic transactions.”

MPG actively tracks the manufacturing software landscape and have noticed a number of market dynamics:

• Due to supply chain disruption from the Coronavirus outbreak, reshoring is top of mind for virtually all manufacturing companies
• Products have become multi-faceted and supply chains have become complex - it is nearly impossible for a single company to possess the resources to assemble, tracks and trace all requisite parts for a final product
• Supply shortages and manufacturing fallout due to COVID have forced organizations to reconsider their just-in-time inventory practices
• Landmark M&A transactions by tier-one strategics and private equity sponsors illustrate the increasing migration to cloud-based technology
• More insights here...