November 30, 2017

Manufacturing Sector - Business and Management Issues and Trends

September 2017

The McKinsey Global Institute finds that the United States could boost annual manufacturing value added by up to $530 billion (20 percent) over current trends by 2025.

By 2025, consumption in emerging markets will hit $30 trillion.

Industry 4.0, is driven by developments in data aquisition, storage and analytics,  machine learning, new forms of human–machine interaction (such as touch interfaces and augmented-reality systems), and the ability to transmit digital instructions to the physical world. In combination, the technologies can run smart, cost-efficient, and automated plants that produce large volumes—or, conversely, plants that turn out highly customized products.

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