Bailey Montagu welcome Stefan Hart, Partner – Industrials

We are delighted to welcome Stefan Hart to the Bailey Montagu family as Partner-Industrials. Stefan brings 30+ years of global retained Executive Search experience. He has also run his own search and advisory businesses as well as spending 12 years of living and working in the Middle East and notably with Boyden as Partner. He has a rich history of handling mandates at board, ‘C’ level and business leaders globally, specializing within the Industrial sector.

‘’I am proud to be part of a well-respected and deeply networked boutique search firm where I will be responsible for developing the global Industrial practice. What attracted me to Bailey Montagu were the people, their vision for the future and the energy and confidence they clearly display. I am looking forward to working with some exceptionally talented people’’ Stefan Hart 

Industrial overview

The overall industrial market has certainly picked up due to many factors. The upheaval of 2020 has inevitably shaped the trends and outlook for 2021 and 2022. Areas that stand out as trends across sectors in 2021 include accelerated reliance on digital technologies; growing concern about exposure to further trade issues; finding new growth markets or applications and making supply chains more robust.

The pandemic has helped accelerate reliance on digital technologies across sectors. In oil, gas, and chemical companies, remote monitoring and increased analytics have assisted in opening up new cost-saving avenues. For smart manufacturers, digital technologies have helped improve worker safety and have also facilitated ecosystems, which provide measurable benefits to manufacturers. In the power, utilities, and renewables sectors, the move to digital solutions is motivated by the growing role of distributed energy resources on the grid.

Automotive

Several automotive industry trends are impacting its future in 2022 and beyond. These trends involve the way vehicles are powered, driven, shopped for, and acquired. Factors.

  • Increased production of EV
  • Rise in digital auto sales
  • Increased sales of pre-owned vehicles
  • More connected cars
  • More innovative online marketing strategies
  • The Emergence of Fuel Cell Electric Vehicles
  • Shared mobility
  • Autonomous
  • Truck Platooning
  • Auto & tech partnerships

Chemical

If the chemical and performance technologies industry in the year 2020 was to be summarized in a single word, that word would be “disruption.” Some companies surged, for example, makers of disinfectants and diagnostic reagents, while others struggled—those exposed to automotive, refining, and construction end markets to name but a few. However, whether gearing up to meet sudden spikes in demand or struggling to survive, both outcomes resulted in major disruption.

So much has changed in just a year. Established strategies of the past are no longer relevant. The pandemic exposed industry weaknesses and significantly accelerated transformation programs. As businesses navigated uncharted territory, it was digital transformation that proved to be the critical lifeline. Digital will continue to be fast-tracked across every aspect of the chemical industry, as one of five key trends that will shape 2021.

While the challenges of last year are not yet behind us, there is sound evidence supporting the need for the chemical industry to keep a focus on these five areas that will emerge as critical in 2021 and beyond:

  • Expanded digitalization
  • Elevated ESG (environmental, social, and governance) goals
  • Increased diversity in leadership
  • Increased M&A activity
  • Diversified portfolios

Aerospace

The aerospace industry has gone through a large amount of uncertainty over the past few years, driven by a few notable trends. Despite this, there have been several signs that the industry is growing, such as higher employment and increased revenues.

This is driven by a few different trends that have become increasingly more evident recently. While market demand has been the primary driver of this, there have been a few other factors at play (i.e., pandemic). These factors have resulted in certain trends beginning in the first place and speeding up and becoming increasingly more mandatory.

  • Focus on Asia-Pacific
  • Low-risk digital innovation
  • Increased modernization
  • Implementation of more-electric aircraft
  • Increased M&A
  • Autonomous flight systems
  • Simulated data
  • Smart materials
  • Multiphysics simulations
  • 3D printing

Infrastructure

Construction output is currently very buoyant and is forecast to rise by 13.7% in 2021 and 6.3% in 2022, according to the Construction Products Association’s latest Summer Forecast published today. This positive outlook comes despite the dual constraints of shortages and sharp cost rises in both imported construction products and skilled labour over the next 12 months. Infrastructure and private housebuilding are expected to be key drivers of construction growth in 2021 and 2022, while the outlook for the commercial sector remains subdued.

Major projects such as the nuclear power station Hinkley Point C, the Thames Tideway tunnel and the High Speed 2 (HS2) rail project are central to strong output in the infrastructure sector. While the CPA has revised down its infrastructure forecast for 2021 to 23.4%, it has upwardly raised its forecast for 2022 to 9.7% for 2022 owing to further delays and cost overruns on major projects. The Summer Forecasts also report an increase in client hesitancy to sign off medium-sized projects leading to a slowdown in the near-term pipeline for the sector.

Please contact Stefan to discuss.