Manufacturing in the Digital Age: A Balancing Act for Businesses

Goldman Sachs Exchanges

Julia McGonagle

Business

4.4 • 1K Ratings

🗓️ 27 March 2017

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

The manufacturing sector has long offered a window into the changing nature of work and the evolution of technology. Clare Scherrer, global co-head of the Industrials Group in Goldman Sachs' Investment Banking Division, discusses how industrial businesses are managing technology and workforce investments amidst economic and political change. This podcast was recorded on February 27, 2017. The information contained in this recording was obtained from publicly available sources and has not been independently verified by Goldman Sachs. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the information contained in this recording and any liability as a result of this recording is expressly disclaimed. This recording should not be relied upon to evaluate any potential transaction. Goldman Sachs is not giving investment advice by means of this recording, and this recording does not establish a client relationship with Goldman Sachs. Copyright 2017 Goldman Sachs. All rights reserved.

Transcript

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0:00.0	Hello and welcome to exchanges of Goldman Sachs where we discuss developments currently shaping markets, industries,
0:14.0	in the global economy. I'm Jake Seward, Global Head of Corporate Communications here at the firm.
0:18.6	Whether you're listening to this in your car or on an airplane or while riding the train, the company that built that mode of transportation
0:25.0	falls under the industrial's umbrella.
0:27.5	At Goldman Sachs, industrials are Claire Shear's territory.
0:30.6	Claire's the global co-head of industrial's for our Investment Banking Division
0:33.7	and she's here today to talk about how this business of huge machines and big
0:37.3	workforces is adapting to shifting politics in the digital age.
0:40.8	Claire, welcome to the program.
0:43.0	Thank you, Jake.
0:44.0	So industrialism is a misleadingly simple name for a pretty wide-ranging space.
0:49.0	Your vertical encompasses aerospace and defense, automobiles, capital goods, transportation,
0:54.4	and infrastructure, just to name a few.
0:57.0	As the person who heads up that operation globally,
0:59.9	how do you think about the industrial space
1:02.1	from a management standpoint? When I think about the industrial space from a management standpoint?
1:04.4	When I think about managing the group, Jake, I think about two imperatives.
1:08.5	One thing is, are we global?
1:10.8	And the second thing is, are we coordinated with our colleagues in telecom media and technology.
1:15.0	The reason I focus on globality is because 20 years ago we used to have cross-border
1:21.3	M&A, which was unusual or the minority. When you think about
1:27.0	M&A today, especially if you're based in Europe the way I am, almost every deal is cross-border.
	...

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