The engineering and manufacturing (E&M) industry’s supply chains are lagging up to 10 years behind other industries, having been slower to respond to changes in global industry. Those that delay in responding are risking critical damage to their market share from new and more innovative competitors and, ultimately, jeopardizing their bottom lines. This new whitepaper identifies the challenges and opportunities facing the E&M sector globally, and argues that E&M businesses must dramatically reevaluate their approach to supply chain management and effectively respond to their industry’s driving trends in order to remain competitive in today’s volatile business environment.