The report confirms that the landscape for competitive manufacturing is in the midst of a massive power shift – based on an in-depth analysis of survey responses from more than 550 chief executive officers (CEOs) and senior leaders at manufacturing companies around the world.
The report indicates that access to talented workers capable of supporting innovation is the key factor driving global competitiveness at manufacturing companies — well ahead of ‘classic’ factors typically associated with competitive manufacturing, such as labor, materials, and energy.
The Future of Manufacturing
Opportunities to drive economic growth
A report by the World Economic Forum (the Forum) in collaboration with Deloitte Touche Tohmatsu Limited (DTTL) that discusses the future of the manufacturing industry. The report, The Future of Manufacturing: Opportunities to Drive Economic Growth, explains that challenges in talent, innovation, infrastructure, and energy consumption are what countries and companies in the manufacturing industry must prepare to face in the coming years.
Which companies and countries will come out on top? Those that can attract, develop and retain the highest skilled talent, those that innovate to stay ahead of competition, and those that can find clean energy strategies and effective energy policies.
The key to success in these areas will be collaboration between governments and private sectors. With competition increasing for so many resources and capabilities—and with the prosperity of nations hanging in the balance—policymakers will be actively looking for the right combination of trade, tax, labor, energy, education, science, technology, and industrial policy levers to generate the best possible future for their citizens.
The Future of Manufacturing report is the result of a year-long effort combining primary and secondary research, including a review of academic and industry literature, interviews with more than 30 manufacturing business, academia, and policy leaders, and virtual task force meetings. In addition, industry, policy, and academic stakeholders provided valuable input to the report during seven face-to-face global workshops.
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