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¿How Essential is Manufacturing?

Post by: On:Wednesday, 13 February 2019

With our roots in engineering, and an extensive international ICT background, our current activities are centered around manufacturing. Producing things is fascinating and essential. It is what feeds people, makes them healthy, gives them a roof over their heads, lets them travel around and communicate, just to name a few.

Another aspect relating to the significance of manufacturing is that by 2030, the total worldwide consumption will nearly double to $65 trillion, which makes manufacturing a real growth opportunity for all parties involved.

For this reason, manufacturing industries* are not only essential for the prosperity of economies but also have the potential to solve real issues facing mankind. Fundamentally new concepts and approaches are clearly visible, for instance when you look at the Global Energy Interconnection, a supergrid that spans the globe. This project will help to halt global warming, put millions of people to work, and bring about world peace by 2050.

Another aspect relating to the significance of manufacturing is that by 2030, the total worldwide consumption will nearly double to $65 trillion, which makes manufacturing a real growth opportunity for all parties involved.

In addition, right now several key manufacturing industries are entering a phase of strong digital transition, which will initiate a new global balance in terms of production regions, and will cause changes in global supply chain networks. Such upcoming and unavoidable changes clearly have considerable potential for entrepreneurial growth, but are also areas of uncertainty.

Let us talk about how to make this unique transition a growth opportunity.

 

*With our Global Innovation Initiative, we address manufacturing as a whole, in all sectors, discrete as well as process sectors. Examples of these sectors are automotive, mechanical engineering, aerospace and defense, electrical and electronic, consumer goods, heavy industry, industrial automation, shipbuilding, agriculture, food and beverages, apparel, construction, chemicals and materials, energy, healthcare and life sciences, transportation and logistics, and the circular economy.

 

Quotes we like

In 1513 Niccolo Machiavelli wrote: "It ought to be remembered that there is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things. Because the innovator has for enemies all those who have done well under the old conditions, and lukewarm defenders in those who may do well under the new. This coolness arises partly from fear of the opponents, who have the laws on their side, and partly from the incredulity of men, who do not readily believe in new things until they have had a long experience of them."

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