3FOOD

Third Industrial Revolution Consulting Group
Indicative quantification of digitalization value drivers
Source : McKinsey (2015) 180
STATE OF PLAY AND LUXEMBOURG VISION
Luxembourg has a strong industrial history which is continuously evolving. Over time, the
Grand Duchy of Luxembourg managed to set up a healthy mix of large and medium sized
industrial players by relying on a set of advantages including the central location of the country
in Europe, its socio-political stability, and its rich pool of qualified workers. These assets played
an important key role in attracting foreign direct investment and helped establish the activities
of several world-class industrial actors. A substantial number of multinationals such as Arcelor
Mittal, Goodyear, Dupont de Nemours, Husky, Guardian, and Delphi are currently pursuing
their activities on the Luxembourg territory. These companies represent a strong foundation for
the future development of Luxembourg industry. Additionally, a number of “Hidden
champions” is active in Luxembourg including IEE, Accumalux, Rotarex, Ceratizit, ELTH, and Paul
Wurth. Most of them companies produce lesser-known products, but in the markets they
produce for, they are ranked among the top ten in the world.
180 McKinsey (2015) Industry 4.0 How to navigate digitization of the manufacturing sector. According to McKinsey,
“[I]nformation itself does not have an inherent value. All data collection should be approached with the
objective of maximizing value. We thus need to look out for concrete value drivers across the business (i.e.,
areas where inefficiencies occur due to information leakages). For example, machinery and assets are a
significant cost category for manufacturing companies; therefore, asset utilization is a value driver that might
contain untapped potential due to information leakages.” (p. 22)
208