Nations worldwide have increased their focus on developing advanced manufacturing capabilities through investment in high-tech infrastructure and education, spurring rapid evolution in the nature of global manufacturing, according to the latest global manufacturing study from Deloitte Global and the Council on Competitiveness. Technology-intensive sectors now dominate the global manufacturing landscape in most advanced economies and appear to offer a strong path to achieve or sustain manufacturing competitiveness.
In the 2016 GMCI, CEO survey respondents were asked to rank nations in terms of current and future manufacturing competitiveness. Report highlights include:
- China is the most competitive manufacturing nation…for now. According to the latest report, China remains the most competitive manufacturing nation, but based on the perspectives of global executives, the country will slip to second position behind the US during the next five years.
- The United States is expected to take over the number one position while Germany will hold firm at number three. The US improved its ranking between the 2010 and 2013 surveys and again between the 2013 and 2016 surveys. Executives anticipate Germany will remain in third position through the application of advanced and sophisticated product and process technologies and materials, among other factors.
Source: 2016 Global Manufacturing Competitiveness Index
Last updated:Tuesday, 07 June 2016