Who, what, where, and how products will be produced has never been more uncertain. Platform shifts are requiring companies to rethink what industrial automation is necessary to produce their products.
I cover all this in my book….. Take Back Manufacturing …
Although there will be many gyrations the main process of change will be supply chain changes to develop shorter supply chains inside more localized trade blocs.
This will be driven by geopolitics as well as business driven economics.
Technology in the form of Industry 4.0 will play a part as it will eliminate considerable labor content from the business process and make the past advantage of low-cost labor countries far less attractive as the labor costs become a smaller part of the total equation when balanced with increasing costs of long supply chains as both energy costs and interest rates and the cost of inventory increases across the globe.
I cover all this in my book….. Take Back Manufacturing …
Although there will be many gyrations the main process of change will be supply chain changes to develop shorter supply chains inside more localized trade blocs.
This will be driven by geopolitics as well as business driven economics.
Technology in the form of Industry 4.0 will play a part as it will eliminate considerable labor content from the business process and make the past advantage of low-cost labor countries far less attractive as the labor costs become a smaller part of the total equation when balanced with increasing costs of long supply chains as both energy costs and interest rates and the cost of inventory increases across the globe.
More at www.nigelsouthwayauthor.com