The key to success in these areas will be collaboration between governments and private sectors. Today, the challenge is even greater as America competes against a wide array of nations seeking to win the race for global innovation advantage, especially in advanced manufacturing. Overall, the report uses 26 indicators, divided into five key areas that best capture what is new about the New Economy: 1. 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. Four academic papers from noted experts were commissioned for this conference. 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. Larry Llamzon Country Manager; 2 Todays Agenda. Exports have contributed more to the growth of gross domestic product (GDP) in this recovery than in the previous recovery; have helped support millions of high-paying jobs in the U.S.; and have been responsible for major contributions to the economic performance of many states and metropolitan areas. Pillars of Economic Competitiveness. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal and Industry Collaboration, Best Practices, The data-driven world will be always on, always tracking, always monitoring, always listening, and always watching – because it will be always learning. During the ensuing years, as the U.S. recovered from the economic downturn in the "Great Recession," the growth in U.S. exports has been one of the major success stories in the U.S. economy. A strategic framework should rebalance the global supply chains, bolster competitiveness, adjust to China’s market size, and solidify the West’s appeal. Those countries that have acquired a top score at this level have developed economies and a high GDP per capita. Priorities for action start with turning three deficits—budget, investment/savings and trade—into surpluses. Categories: Innovation, Productivity, The Metropolitan Export Initiative (MEI) is a ground-up collaborative effort to help regional civic, business, and political leaders—with their states—create and implement customized Metropolitan Export Plans (MEPs). Categories: Current State of Manufacturing, Global Competitiveness, Education and Workforce, Productivity, The White House report, Making in America: U.S. Manufacturing Entrepreneurship and Innovation, demonstrates how new game-changing technologies are reducing the cost, increasing the speed, and making it easier for entrepreneurs and manufacturers to translate new ideas into products Made in America. Categories: Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration,Education and Workforce, Supply Chain, The Clarion Call, A Look Back and a Path Forward provides a federal policy "report card" of actions (and lack of actions) since the Council issued a clear and concise agenda to policymakers last year, which included a road map to grow the American economy and included core principles and recommendations critical for the United States' long term economic growth and job creation. Discussing competitiveness is both a challenge and an act of courage. Future Development. It is a modest tribute to the ideal of a society of high standards which fosters reasoned debate and principled argumentation. Categories: Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations, This publication examines the opportunities and challenges, for business and government, associated with technologies bringing about the “next production revolution”. A lock ( LockA locked padlock This study by IDC, looks into how companies are leveraging data to improve customer experiences, open new markets, make employees and processes more productive, and create new sources of competitive advantage – working toward the future of tomorrow. The SOP IEC 2007-2013 report mentioned that “rising competitiveness cannot be perceived/seen as the exploitation of short-term advantages (e.g. the aforementioned analysis of Citigroup or the investment made by J.P. Morgan in the new blockchain technology[3]) managed to develop capabilities/capacities for scanning the horizon and identifying the key factors and forces shaping the future. Achieving stronger growth will require the right combination of policies, especially to reinforce labor and capital markets. ThomasNet.com's® 2013 Industry Market Barometer® (IMB) survey of more than 1,200 manufacturers paints a picture of a sector that is reinventing itself every day. We show that these persistently non-digital firms are less likely to be innovative, increase employment or command higher mark-ups. The report examines the highly complex forces driving the future of manufacturing and many of the structural changes reshaping the global economy. The growth of robots and 3D printing, which give manufacturers the ability to offer customized products that are superior in some dimensions to mass production and can be delivered quickly and cheaply. Already, the business world is beginning to plan its strategy from an urban, rather than a country perspective. NPM reforms have used approaches such as disaggregation, customer satisfaction initiatives, customer service, applying an entrepreneurial spirit to public service and introducing innovation. “The number of people living in the world's cities is growing by nearly 60 million every year”. This report explored the answers to the following questions:o What are converging trends in advanced manufacturing across technology areas? Some are not yet ready for application at scale. Innovation capacity. Categories: Education and Workforce, Regulatory and Policy Recommendations, The report was prepared by the 18-member steering committee of the Advanced Manufacturing Partnership (AMP). the Internet of Things and advanced robotics), industrial biotechnology, 3D printing, new materials and nanotechnology. This was one of the key findings outlined in Canada’s competitiveness scorecard. Taken together, these four papers describe weaknesses in U.S. manufacturing capabilities and identify specific policies to improve U.S. competitiveness. Collectively, these forces of change determine new social values, new needs and expectations. Three trends could lead to a manufacturing sector that uses information technology to boost productivity and create new markets. In our latest report, we examine the economic costs of a sub-optimal regulatory environment and offer seven recommendations to overcome them. Entering the 21st century, the United States faces a changed geopolitical situation and a new set of economic challenges. 3)Manufacturing in most metropolitan areas follows one or more of six broad patterns of industry cleaning. Data is at the heart of digital transformation, the lifeblood of this digitization process. The results focus on four empirical investigations pointing to the growing strength of US manufacturing, and, in many cases, refuting or updating previous claims. Romania ranked the lowest: Despite all of these hindrances, Romania still displays a native “future-proofness”, which can endow it with an advantage on the global arena of competitiveness. Many industries need to operate more efficiently, and competitiveness needs to be strengthened. This environment forces companies, regardless of location or primary market base, to consider the rest of the world in their competitive strategy analysis. The following key conclusions emerge regarding state policy and advanced manufacturing: States play a central role in promoting economic development and industrialization; This is a new era of industrial development for the SGA states; State policy in support of the advanced manufacturing sector must be carefully coordinated with other public and private entities that seek to promote economic development in order to maximize returns for state residents and the business community; A strategy for fostering the growth of advanced manufacturing should be based on carefully developed strategic plans that build on SWOT assessments of state assets and needs and include quantifiable goals and objectives. Current federal efforts to promote technology transfer is also examined, as well as a look at the small business technology transfer program and patenting. Categories: Innovation, Global Competitiveness, Education and Workforce, The 2012 Edition of the Facts of Manufacturing is a collection of the key facts and figures that define the state of the U.S. manufacturing industry. The Manufacturing Workforce Development Playbook offers strategies and programs that have been successfully employed by industry, education and government to collaboratively solve the challenges of preparing workers for 21st century careers in manufacturing. Global competency skills are necessary so that young people can invent a future that appropriately addresses global challenges. This paper examines the government's various efforts to promote cooperative research and development activities among industry, universities, and the federal R&D establishment designed to increase the competitiveness of American industry and to encourage the generation of new products, processes, and services. The recommendations include a call to establish a national network of manufacturing innovation institutes; an emphasis on investment in community college training of the advanced manufacturing workforce; an approach to evaluate platform manufacturing technologies for collaborative investment; a plan to reinvigorate the image of manufacturing in America; and proposals for trade, tax, regulatory, and energy policies that would level the global playing field for domestic manufacturers. Just to roll off some recent examples, we could mention Startup Nation, Startup Diaspora or Invest Romania. China, India, Russia, much of Central Europe, and other parts of the world are competing successfully for what were once stable, well-paying U.S. jobs. The National Intelligence Manager for Science and Technology in the Office of the Director of National Intelligence requested they study the evolution of traditional manufacturing to advanced manufacturing. A set of high-priority recommendations were developed detailing immediate and longterm critical needs to improve the national innovation ecosystem vital to sustaining US competitiveness. This report focuses on an emerging alternative digital future for manufacturing, the “Internet of Goods." Although today’s U.S. labor market is strong and unemployment is low, many working-age American remain marginalized. Making use of the Global Indicator of Competitiveness, the report evaluates the competitiveness landscape of 138 economies, offering a unique perspective on the sources of productivity and prosperity. As communities across the country grapple with the challenges of an ever-evolving labor market, this report provides a framework for local leaders to grow good jobs through industrial development strategies that are based on their regions’ unique capabilities. There are … Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Education and Workforce, Productivity, The news that (manufacturing) companies in OECD economies are increasingly bringing manufacturing activities back home has attracted much attention in recent years. 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. This paper explores each of these areas in detail and makes recommendations to policy makers on how they might best support a strong and growing domestic supply chain for the rail transit industry. Tackling such a challenge was a consequence of the subtitle of the Sectorial Operational Programme “Increasing Economic Competitiveness”, namely “Investing in your future” (structural instruments 2007-2013). Categories: Current State of Manufacturing, Innovation, Supply Chain, State by state grades on areas such as productivity and innovation, human capital, global costs, diversification, venture capital, manufacturing, and logistics. Nonetheless, while the manufacturing expansion is robust, it has not been even across manufacturing industries and the states. Therefore, we enumerate: the global economy, the business environment per se, innovation and change, the society and the labor market, education and development. This book provides an overview of evolutionary economic thought, explains the three dominant drivers of U.S. economic evolution and lays out eight key principles to guide evolutionary-based economic policy making. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Education and Workforce, The 2019 Manufacturing and Logistics National Report shows how each state ranks among its peers in several areas of the economy that underlie the success of manufacturing and logistics. There may be insights to glean from government policies of similarly-situated countries, which are facing some of the same challenges of increased competition in manufacturing from developing countries. Tomorrow’s business models have to respond to a rapidly changing market. International company structure. We invite leaders to join us to co-shape new solutions to the challenges highlighted in this report, working together with the At the same time, the world of business is driven to adjustment by a combination of market volatility, globalization and transformation brought on by innovation. Factors Affecting Global Competitiveness. Categories: Innovation, Current State of Manufacturing, Best Practices, This report offers a comprehensive analysis of the metropolitan geography of U.S. manufacturing. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, At a critical moment, this report asserts the special importance to America's future of what the paper calls America's "advanced industries" sector. Global Competitiveness: Role of Supply chain Management Prof. Shailendrakumar Uttamrao Kale* Abstract Business today is in a global environment. Categories: Regulatory and Policy Recommendations. Ninety percent of exports and export growth come from the top 10 exporting industries in the region including: manufacturing (computer and electronics, primary metals, machinery, and transportation), royalties, professional services, and travel and tourism. Moreover, using outdated technologies and equipment drastically reduces the productivity of most of the economic sectors. 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. And this leads to development, which increases income and the wellbeing in general. 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. The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi. 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". Categories: Innovation, Capital and Cost, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, Regulatory and Policy Recommendations, Webmaster | Contact Us | Our Other Offices, Created September 4, 2014, Updated December 3, 2020, On the Threshold: Refocusing U.S. 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. 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. These companies are growing, expecting future growth, hiring, and increasing their production capacity to meet additional demand. The PDF file is not e-mailed. The fact that these have been identified by certain actors represents a clear proof of the capacity of some states and sectors to engage in strategic thinking in the long run, as well as their desire to do so. Nonetheless, approaching a new perspective in this matter literally means walking into the lion’s den.Tackling such a challenge was a consequence of the subtitle of the Sectorial Operational Programme “Increasing Economic Competitiveness”, namely “Investing in your future” (structural instruments 2007-2013). Categories: Innovation, Federal and Industry Collaboration, Regulatory and Policy Recommendations, In response to the foreign challenge in the global marketplace, the United States Congress has explored ways to stimulate technological advancement in the private sector. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Federal and Industry Collaboration, Regulatory and Policy Recommendations, The United States has been the world's largest recipient of foreign direct investment (FDI) since 2006. Any global pay, bonus or benefits plan should clearly define all key terms—even terms with meanings that seem obvious back at headquarters. This will require a range of reforms. In doing so, the paper aims to help guide the policy discussions on reshoring in light of the actions and plans that haven been taken by some governments in OECD countries. Global competitiveness challenges Presentation V Co-operative Summit of the Americas Buenos Aires, Argentina. Starting from these, five imperative actions emerge for the business environment: taking into account and planning for the volatility of the system, elaborating a “radar”, continuous striving for leadership/technological supremacy, constant preparation for the genuine globalization, developing a thirst for knowledge, rooted in the experimental and the adaptable. A global economy is, in many ways, enforcing a global culture. Respondents are engineers and purchasing agents, business owners and managers, and sales and marketing executives from manufacturers, distributors and service companies. [3] http://www.businessinsider.com/exclusive-jpmorgan-employee-note-confirms-aggressiveinvestment-in-block-chain-technology-and-robotics-2015-12. Categories: Current State of Manufacturing, Innovation, Global Competitiveness,Education and Workforce, Productivity, This report focuses on both the economic and policy analysis associated with advanced manufacturing. Productivity has proved to be important because it is the main element that generates increases in income and living standards, closely related to wellbeing. Added to this, the government should ready to take up the responsibility. An important characteristic of competitive countries is leadership, a promising example of which is Mongolia, which recently discovered the largest copper reserves in the world. 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. From a historical perspective, global growth of 3 and one-half percent is weak. Another way of understanding the particularities of competitiveness in a country is by considering the methods used to propose wellbeing. [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. A .gov website belongs to an official government organization in the United States. https://www.nist.gov/mep/global-competitiveness, May 2019 Since 2009, exports have helped pull the U.S. economy out of the devastating recession that occurred between 2007 and 2009. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … Challenge: Harnessing the Power and Potential of American Talent to Win the Future Skills Race Solution: Prepare the Next Generation of Innovators, Researchers and Highly-Skilled Workers. 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. There are many important projections and key findings for each country and industry under discussion. The conference was postponed due to the emerging pandemic. Each section of this report forecasts research and development levels for 2014, closely examining the expected funding for a region or industry. Categories: Current State of Manufacturing, Innovation, Global Competitiveness, Education and Workforce, This paper examines the nature and prospects of robotics and associated production technologies, reviews the literature on their impact on spatial dynamics, reviews recent data on robotic adoption, including controlling for robot adoption rates by domestic worker compensation rates, and speculates on future trends in the spatial distribution of manufacturing. The result of successfully competing in a global market has its benefits, but it's not without its challenges. Global growth over the next 30 years will be entirely generated by urban areas. Perhaps the most visible component of China’s global competitiveness is the size of its economy. This will make it imperative for most companies to succeed in emerging markets. Rohit Talwar, author and strategic consultant, from whose knowledge I can benefit as a result of an exchange of ideas, editor of www.fastfuture.com, is in charge of a study entitled Future Unveiled, a provocative and inspirational tour of the emerging tendencies, of the trigger sources and of the ideas and developments that make up tomorrow’s world, as a result of examining the outcomes and opportunities for the individuals, the society, the big and small companies, the NGOs and governments. Future-proof[4] or the ability to positively answer to changes. Their dynamism is going to be a central component of any future revitalized U.S. economy. The evolution of NPM since the 1980s under Margaret Thatcher's government has highlighted the role of entrepreneurial thinking in determining the wellbeing of a state. 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. competitiveness; education, skills and work; and equality and inclusion. Categories: Current State of Manufacturing, Global Competitiveness, Federal and Industry Collaboration, Education and Workforce, In his 2010 State of the Union Address, President Obama announced the National Export Initiative (NEI) as part of a government-wide strategy to promote exports. 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. Corporate intelligence, business intelligence and marketing intelligence, as well as other similar terms, are often used alternatively, with the difference being that of order rather than substance, but this is a subject for a future article. Categories: Current State of Manufacturing,  Global Competitiveness, Education and Workforce, This policy memo focuses on one major economic argument in favor of increased infrastructure investment—that it would increase demand for American manufactured goods and, in turn, generate American manufacturing jobs. The Market for Ideas is an essay journal “made in common sense”, hosting a community of individuals and a communion of individualities. Four academic papers from noted experts were commissioned for this conference time spare. Must promote trade by reengineering systems and trade the productivity of most of the economic sectors [! 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