The next manufacturing revolution is here

"We have issue.”   This is the first sentence the speaker said. 

Our global economy stops growing. Growth has actually declined for the last 50 years. If continue like this, we need to learn how to live in a world with no growth in the next decade. This is Scary!!! This creates tensions and serious conflict. 

Look at the figures, times of big growth has always been fuelled by big manufacturing revolutions. 

It happened 3 times, ever 50-60 years. 

The steam engine in the middle of the 19th century

the mass-production model in the beginning of the 20th century

the first automation wave in the 1970s 

These manufacturing revolution create huge growth in our economies? Because they have injected huge productivity improvement.  

The speaker believed that we are on the verge of another huge change, which comes from manufacturing again. He would tell about the amazing fourth manufacturing revolution that is currently underway. 

we’ve tried to relocate our factories offshore in order to reduce cost and take advantage of cheap labor

we’ve tried to make our factories larger and we specialised them by product. 

however, we’ve just changed the location, the size, the way they operate. 

So, we turned to the tech sector. 

Internet. It product growth, it changed our lives. It made big waves in the media, the service, the entertainment spaces.  

However, it hasn’t done much for productivity. Actually, the productivity is on the decline 

What if the existing manufacturing and large technological innovation came together to create the next big manufacturing reinvention. 

——>>>>

Currently, there are some examples already existed. 

 They are the size of humans, they collaborate with humans, they can be programmed in order to perform complex, non-repetitive tasks. 

Today, only 8% of the tasks are automated. It will be 25% in 10 years. 

Caused 40% more productivity, 40% more output produced, 40% more growth for this specific industry.