The production requirements have changed significantly in recent years. With the growth of Asian markets coupled with new disruptive products, manufacturing resources are shifting more and more from low-cost countries (LCC) to Eastern Europe and Asia.
The most advanced factories are being built in the emerging industrialized nations. Favorable production costs combined with strong growth lead to above-average earnings in these regions. In the western industrialized countries, perhaps only an aging factory landscape will be left behind, which will continue to lose competitiveness.
This creeping change can be offset by innovative disruptive products, cost-effective technologies, latest manufacturing processes, and industry 4.0 approaches. We know how it works…
“There’s a chance in every threat…”