The past decade has been tumultuous for the global manufacturing sector. Large developing economies made their way into the first tier of manufacturing nations, a severe recession choked off demand, and there was a steep fall in manufacturing employment in advanced economies. Despite this, manufacturing remains critically important to both the developing and the advanced world. The changing nature of the manufacturing sector means that old responses are no longer sufficient to sustain. While manufacturing remains crucial to support economic stability in both developing and advanced economies, business leaders and policymakers must keep track of the pulse of the sector to identify opportunities and challenges coming their way. We have curated some articles from Infiniti’s thought leaders about how the manufacturing environment is changing and what business leaders must do to adapt. Request a free proposal to find out how we can help you.
Europe’s manufacturing industry will play a significant role in building a sustained and competitive economy. The manufacturing sector currently accounts for nearly 15% of Europe’s GDP and will play a significant role in their long-term economic development. According to industry experts at Infiniti, factors including nearshoring in eastern Europe, carbon-neutral manufacturing processes, and the rise of industry 4.0 will play a pivotal role in driving the future of manufacturing. Read the article for more insights.
The current scenario in the US manufacturing sector is much different from what it has been for over the past two decades. As output growth in the US manufacturing industry has been largely concentrated on a few industries such as electronics, pharmaceuticals, and aerospace, there has been a considerable fall in the labor share of US GDP. The US manufacturing industry must now focus on positioning itself to leverage existing opportunities and prepare to compete in the future rather than making attempts to recreate the past or maintain the status quo. Gain expert opinion on how companies in the US manufacturing industry can tackle their excessive overhead costs by connecting with an expert –