Future Manufacturing Drivers
Manufacturing is the foundation for economic development. It represents approximately 15% of world GDP and 30% of employment.
In the context of the Fourth Industrial Revolution, manufacturing is undergoing a profound transformation spurred by the exponential growth of new technologies in logistics, manufacturing, data analytics & R&D.
The full potential of manufacturing 4.0 can radically transform productivity and employment.
Leveraging Whiteshield’s Future of Manufacturing Barometer world map, enables policy makers to analyse the evolution of over 100 economies and benchmark the country studied with a new perspective
The Future of Manufacturing Barometer was developed as an analytic tool to assess opportunities for the government and business leaders in the context of future radical changes in manufacturing.
Three manufacturing dimensions are measured to highlight gaps between countries’ manufacturing performance and future potential, as well as policy effectiveness and the benchmark for the country at stake:
- Current manufacturing and innovation performance
- Future potential based on knowledge and capabilities
- Perceived effectiveness of public policy
These dimensions helped to highlight gaps between countries’ manufacturing performance and future potential, as well as policy effectiveness and the benchmark for the country at stake.
Together, the three dimensions help to inform business and government leaders about manufacturing's preparedness for the future and to identify a successful evolution.
In order to build the capabilities for advanced manufacturing, four types of policy can be implemented:
- Next generation R&D: Linking corporate research and public institutes & research in manufacturing
- Next generation Education: Interdisciplinary skills needed in engineering, robotics, design, IT, data & predictive analytics
- Next generation Energy: Green manufacturing and renewables
- Next generation Logistics: Gaps to address, infrastructure, regulations
Some key success factors to achieve advanced manufacturing include:
- Developing a roadmap linked to the national strategy with key performance indicators as target
- Putting in place a cross ministerial team, including the Ministry of Education, Ministry of Economy, Ministry of Industry and Ministry of Labour, to oversee the design and implementation of policies
- Engaging in systematic public-private dialogue to ensure that policy design is in line with demand
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