New Challenges for Manufacturing

The economics of manufacturing is changing as new trends emerge.  Energy costs are changing and also declining in the United States which is great for manufacturers. The labor cost gap between developing nations and undeveloped nations is shrinking. New technologies including advanced robots and 3D printing is effecting the landscape for global manufacturing companies.  This can be challenging because many questions arise on how to remain competitive and how to provide the most value from a firms supply chain.

Many companies are asking if they should re-shore because of the changing costs in labor and energy. Only a very small part of the new challenges to manufacturing is driven by labor costs and energy costs. Companies need to start thing about what will be driving business decisions in the near future.  For companies to remain competitive in 2 year and even up to 10 years, they need to beginning managing for the next economic landscape.

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