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Reshaping Manufacturing

Posted December 30, 2014 12:00 AM by Engineering360 eNewsletter

Market forces have converged to transform not only the manufacturing sector but the entire supply chain. The dynamics of this change run the gamut from shifting consumer expectations and accelerated production cycles to changing labor demographics. IndustryWeek looks at five manufacturing trends driving this metamorphosis, involving new technologies, an uptick in capital investment, and the need for "local" business models. Combined, these trends promise to increase automation and job opportunities, enable plants to translate innovation into value, and give rise to business strategies that replace off-shoring with next-shoring (see video).


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