Client Need

A global manufacturer of steel and alloy steel forgings products for Automobile, Oil & Gas, and Aviation sectors needed valuable insights to develop a medium to long-term business growth strategy for select target markets in Asia. Broad tenets being:

• Key Industries and product lines to be targeted for optimal future growth
• Historical and Current outlook of the industries currently serviced
• Capex required to purchase additional machinery
• Automation (Robotic process driven automation) techniques that can be utilized to optimize margins

Knowledge Ridge Solution

With its industry knowledge and expert network experience, Knowledge Ridge realized the medium to long-term outlook of the business strategy and offered phone consultations, in-person meetings, and longer-term engagements to address the objective. Some of the key experts on-boarded were:

• Former SVPs and C-Level executives of Automobile and After sales (auto-ancillaries) manufacturing companies across target geographies were vetted and engaged and the client was given instant access to them. These experts gave detailed insights into demand size market dynamics including optimal product-portfolio mix.
• A senior industry automation expert was engaged to understand and implement RPA techniques available, cost optimization, and economies of scale/scope to optimize margins.
• An industry veteran and a subject matter expert with 30+ years of experience in steel forging export markets was engaged as a part of our expert network to explore and boost geography-specific export opportunities, factoring in the regulations critical to them

Knowledge Ridge Impact

Knowledge Ridge shortlisted 14 experts from Automobile, Oil & Gas, and Aviation sectors who worked with Steel and Alloy steel forgings. The client selected 11 experts and conducted hourly phone consultations with each of them. This resulted in the client gaining first-hand perspectives and actionable insights from these business leaders into long-term business growth strategy for steel and alloy steel forgings products globally. Some of the selected experts shared their corporate strategy insights on key industries and product lines to be targeted for optimal future growth along with the historical and current outlook of the industries currently serviced. Other selected experts shared their perspectives on factors like the CAPEX required to purchase additional machinery and automation (Robotic process driven automation) techniques that can be utilized to optimize margins.