This year represents a milestone in the four-decade history of the Global Competitiveness Report series, with the introduction of the Global Competitiveness Index 4.0. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Education and Workforce, Best Practices, Productivity, Supply Chain, The health of the U.S. manufacturing sector has long been of great concern to many stakeholders including Congress. Indeed, as we have already emphasized, some states or companies (i.e. A brief assessment of the forces which shape the business environment will open new horizons for future debates. Governments should be more responsive, reducing bureaucratic red tape. Categories: Current State of Manufacturing, Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, China's overwhelming manufacturing cost advantage over the U.S. is shrinking fast. Categories: Innovation, Global Competitiveness, Education and Workforce, Regulatory and Policy Recommendations, Supply Chain, Canadian industry and thought leaders view digitization as a way to enhance the competitiveness of the economy; digitization can also improve the delivery of services such as health care. The global competitiveness is enhanced mostly by the government of a particular country. This report focuses on an emerging alternative digital future for manufacturing, the “Internet of Goods." In an increasingly uncertain world (as compared to the previous logic of business as usual), in which every aspect of the economy, of the business environment and of the social sphere will be in constant transition, the elements presented here in general terms illustrate critical aspects which will affect the landscape that is being defined. These terms are often used almost interchangeably and with little precise meaning. North American and European cities are today among the most competitive in the world and are likely to retain their advantage until 2025, despite concerns over ageing populations and infrastructure, indebtedness and slow growth. Emerging markets, with populations that are young and growing, will increasingly become not only the focus of rising consumption and production but also major providers of capital, talent, and innovation. the Internet of Things and advanced robotics), industrial biotechnology, 3D printing, new materials and nanotechnology. The 4 Signs of Strength: manufacturing output growth, U.S. Manufacturing competitive performance relative to other sectors of the U.S. economy, U.S. Manufacturing productivity growth relative to other countries, and new evidence of outward expansion by U.S. MNCS and economic activity by those same firms at home. Discussing competitiveness is both a challenge and an act of courage. We show that these persistently non-digital firms are less likely to be innovative, increase employment or command higher mark-ups. – February 2017, The Future of Manufacturing: 2020 and Beyond – July 2016, Reshoring: Myth or Reality? cheap work force), but as a building process for an economic structure based on capital investment and research, development and innovation”. The SOP IEC 2007-2013 report mentioned that “rising competitiveness cannot be perceived/seen as the exploitation of short-term advantages (e.g. Standards are also necessary to achieve interoperability and set appropriate benchmarks regarding data governance — both necessary preconditions for data sharing between organizations. Global competency skills are necessary so that young people can invent a future that appropriately addresses global challenges. Given the increased popularity of cooperative programs, the paper looks at questions that might be raised as to whether the programs are meeting expectations. Data is at the heart of digital transformation, the lifeblood of this digitization process. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, The focus of this article is on Industry 4.0, the next phase in the digitization of the manufacturing sector. Overall, the study indicates that leading nations are making the paradigm shift towards prioritizing the development of talented and skilled citizens, who are the source of their competitive advantage, and benefits from their manufacturing infrastructures and ecosystems. With competition increasing for so many resources and capabilities—and with the prosperity of nations hanging in the balance—policymakers will be actively looking for the right combination of trade, tax, labor, energy, education, science, technology, and industrial policy levers to generate the best possible future for their citizens. Already, the business world is beginning to plan its strategy from an urban, rather than a country perspective. The report claims that “this is understandable: more than half of the world's population lives in cities, generating more than 80% of global GDP". The U.S. economy of 2014 is different, not just larger, than the economy of 2013. Categories: Innovation, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, Productivity, Numerous provisions in federal law are intended to support manufacturing in the United States. The position of the World Economic Forum’s representatives is that competitive economies are the most likely to support a sustainable and inclusive development, meaning that all members of society will benefit from the economic growth. Categories: Current State of Manufacturing, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, Supply Chain, This joint research study between IndustryWeek Custom Research and Kronos focuses on manufacturing strategy, management practices and investment priorities over the next five years and beyond. The comparison matrix on p.6 is an indicative summary of what can be found throughout the report. The main themes currently debated in prospective analyses are those related to changes with impact on wealth and power, extreme economic uncertainty and transition policies in many countries. – January 2016, Advanced Technologies Initiative Manufacturing & Innovation – 2015, U.S. Manufacturing in International Perspective – March 2015, America's Advanced Industries: What They Are, Where They Are, and Why They Matter – February 2015, The Myth of America's Manufacturing Renaissance: The Real State of U.S. Manufacturing - January 2015, Understanding and Maximizing America's Evolutionary Economy – October 2014, The U.S. Manufacturing Base: Four Signs of Strength - June 2014, Manufacturing Since the Great Recession - June 2014, MAKING IN AMERICA: U.S. Manufacturing Entrepreneurship and Innovation - June 2014, The 2014 State New Economy Index - June 2014, Manufacturing Workforce Development Playbook: Preparing for the Manufacturing Renaissance in America - May 2014, The Role of Exports in the United States Economy - May 2014, 2014 Global R&D Funding Forecast - December 2013, The Emerging U.S. Rail Industry: Opportunities to support American manufacturing and spur regional development - November 2013, A Clarion Call: A Look Back and a Path Forward - November 2013, New Report: Foreign Direct Investment In the United States - October 2013, ThomasNet Industry Market Barometer®- September 2013, Advanced Manufacturing in the American South: An Economic Analysis Supporting Regional Development - September 2013, Competitiveness, Innovation, and Productivity: Clearing up Confusion - August 2013, Global Manufacturing: Foreign Government Programs Differ in some Key Respects from those in the United States - August 2013, The 2012 State New Economy Index - October 2012, 2012 Facts About Modern Manufacturing - October 2012, CUT TO INVEST Support the Designation of 20 'U.S. The results focus on four empirical investigations pointing to the growing strength of US manufacturing, and, in many cases, refuting or updating previous claims. Achieving stronger growth will require the right combination of policies, especially to reinforce labor and capital markets. Categories: Innovation, Global Competitiveness, Productivity. Understanding which trends in manufacturing reflect factors that may be unique to the United States and which are related to broader changes in technology or consumer preferences may be helpful in formulating policies intended to aid firms or workers engaged in manufacturing activity. To put it differently, the achievement of medium and long-term convergence perspectives as well as a successful integration of the Romanian market need to take into consideration the development of an economy based on knowledge. In the 2015-2016 report, Romania ranked 53rd out of 140 states, the most problematic factors undermining business dealings being: the tax rates, the inefficient governmental bureaucracy, the access to funding, the inadequate infrastructure and corruption. Categories: Innovation,  Global Competitiveness, Education and Workforce, The Manufacturing Scorecard shows how each state ranks among its peers in several categories that are of particular interest to site selection experts for the manufacturing and logistics industries. In order to stay competitive in the global market, companies need to find the highest skilled workers, breathe innovation and become more efficient in energy, production and logistics. Categories: Global Competitiveness, Supply Chain, Using the EIBIS Digital and Skills Survey on digitalisation activities of firms in the EU and the US, this study confirms the trend toward a growing digital divide in the corporate landscape with, on one side, many firms that are not digitally active, and on the other side, a substantial number of digitally active firms forging ahead. Governments must promote trade by reengineering systems and procedures. At the request of the chairman of the Senate Commerce, Science and Transportation Committee, the Government Accountability Office (GAO) identified innovative foreign programs that support manufacturing that may help inform U.S. policy. Just to roll off some recent examples, we could mention Startup Nation, Startup Diaspora or Invest Romania. [4] to project the software, a computer etc., in order for the latter to be used in the future regardless of what technological changes may take place http://dictionary.cambridge.org/dictionary/english/future-proof however to consult also the point of view available at https://www.techopedia.com/definition/2204/future-proof. Global competitiveness can be understood as a process in which advanced levels of competitiveness are achieved at different levels, that is, at firm, regional and national levels. The SOP IEC 2007-2013 report mentioned that “rising competitiveness cannot be perceived/seen as the exploitation of short-term advantages (e.g. To view the report, registration is required. within the first pillar (Institutions), with respect to the ethical behavior of companies: 122/140; of losses related to government spending – 114/140; of favoritism in the decisions of government officials – 111/140; of public trust in the politicians – 112/140; within the second pillar (Infrastructure), with respect to road quality – 120/140; within the fourth pillar (Health and primary Education), with respect to primary education enrolment (net %) – 117/140; within the sixth pillar (general market efficiency), with respect to the impact of taxes upon investment incentives – 126/140; intensity of local competitiveness – 112/140; within the seventh pillar (Labor Market Efficiency), with respect to the impact of taxes upon labor incentives – 118/140; the capacity of the state to retain talent – 131/140; the capacity of the state to attract talent – 113/140; within the eighth pillar (Financial Market Development), with respect to the availability of capital – 103/140; within the twelfth pillar (Innovation), with respect to the purchase of high-tech products by the Government – 105/140; company spending on R&D – 94/140. 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