Study finds leading manufacturers focus on modular production, advanced analytics, smarter robots, augmented reality.
Advanced robotics is the next great leap.
The Boston Consulting Group is forecasting investment in advanced industrial robots will take off over the next decade.
Rising wages and energy costs narrows the gap from 14% to 5%.
Current skills shortages reflect supply and demand imbalances in specific jobs in certain locations.
Innovators focus on increasing market share, competitive advantage.
They’re focused on accelerating growth, and they’re after your lunch.
BCG report says they’re spending $1.7 trillion a year to fuel growth.
What’s in it for Canada?
CEO Cook says moving one line at a cost of $100 million.
Boston Consulting Group says skills gap unlikely to prevent resurgence in US manufacturing.
More value in divestitures than commonly believed.
A Boston Consulting Group report predicts 37% of US-based large manufacturers are planning to bring back production to the US from China or are considering it.
The SME-Toronto initiative aims to rebalance Canada’s position in the global supply chain and bring some manufacturing home.
Manufacturing in China for North American markets is not as cost-effective as it once was, and it appears some of the lost US production may be coming back.