The Age of Informed-Spending

Researches consistently show that manufacturing organizations need to be digitally mature to induce greater resilience in employee engagement and supply chain operations, which will help them shield themselves from the pandemic like predicaments in the future. Infosys research backs up the claim that Manufacturers that have moved their critical applications to the cloud have functioned more smoothly as their workforce access what they need from their homes. Leveraging the power of data has also become a multi pronged tool that helps to ensure cost, performance and workforce

optimization.The industry can also pursue technologies like 3D printing more aggressively now that additional use cases have emerged.

The stakes have become much higher for C-suite executives to find common ground to collaborate and contribute directly to the company's growth. But this won't be an easy path ahead, given the unprecedented nature of the situation at hand. Like almost all other C-suite leaders, Chief Financial Officers are amidst herculean challenges. CFOs are against unprecedented skill shortages labor supply and supplychain challenges. It's no secret that financial leaders are in dire need of team members who are not only skilled in accounting, auditing, and compliance but also understand data visualization, are flexible thinkers, possess good communication skill and most importantly, have a lot of business sense. According to a recent Ernst & Young report, 22 percent of CFOs prioritize transforming how finance talent is recruited, retained, and developed.

In this issue, we shed light on a few stories of CFOs from the manufacturing industry. Do let us know your thoughts.