Manufacturing is booming in some nations. Here’s what they have in common

Memia Fendri: If we look around us, everything has been made or produced in some way. Manufacturing transforms raw material into finished goods and thereby adding value and contributing significantly to GDP. And that increased productivity also allows us to generate new income that is then injected in other parts.

Of the economy creating a bit of a ripple effect.

As automation and advanced. Technologies evolve and create new opportunities in manufacturing and supply chains. That also means that a new skillset is needed into the sector. More capabilities. For instance, for ai, for data science that need to enter the manufacturing. Workforce and work hand in hand with the operational know-how.

In a context of. Rewiring of global value chains, we see an increase in number of strategic partnerships between countries around the world aligned with trends of, uh, nearshoring and French shoring. So, for instance, the United States, um, announced an alliance with Costa Rica to play a key role in the semiconductor supply chain, particularly.

You when it comes to assembly testing and packaging.

Scandinavian countries are leading the way when it comes to ESG. Uh, thanks to on the environmental side. Their renewable energy production, the share of electricity consumption that is coming from renewable energy, but also thanks to their commitments and progress towards 2050 net zero goals.

Source: https://www.weforum.org/videos/manufacturing-boom/