3M CEO Highlights Progress Toward Strategic Goals and Data-Center Growth
3M's CEO, Bill Brown, reported progress toward its 2027 strategic goals during a company event. The firm achieved second-quarter organic growth of 5.4%, improved margins, and on-time in-full delivery rates rising to about 90%. Operational improvements have helped reduce customer attrition and support the company’s transformation efforts. A key focus for 3M is its data-center business, where it has developed expanded beam optics technology standardized by Microsoft Azure and under evaluation by five other hyperscalers. The CEO noted this could address a $2 billion market within two years. Innovation remains central to growth, with over 350 new-product launches expected in the year. Cost management is also critical: factory consolidation and pricing strategies are helping offset oil-related costs of up to $175 million annually. Brown emphasized that while progress has been made, further improvements in service levels, inventory reduction, and delivery times remain priorities.
Topics: 2027 targets 3M data centers executive leadership operational performance