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KSM Blog | Katz, Sapper & Miller CPA

The Future of Manufacturing

Posted 4:35 PM by

In April 2012, the World Economic Forum released a study titled The Future of Manufacturing: Opportunities to Drive Economic Growth. The study identified seven trends that they believe will require the attention of policy-makers, civil society and business leaders in order to drive economic growth through manufacturing over the next 20 years.

  1. Investment in infrastructure (especially in developing nations) will increase competition between nations
  2. Increased competition for foreign direct investments will increase the competition between nations fighting for those investment dollars
  3. Increased competition for and scarcity of raw materials
  4. Increased use (voluntary or mandated) of clean energy
  5. The ability to innovate at a very rapid pace
  6. Reducing the skills gap currently in existence as it relates to skilled manufacturing jobs
  7. Increased use of policy making to spur economic growth

About the Author
Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group. Justin works with clients to help ensure accurate financial reporting, keeping an eye on their bottom line, and helping them avoid risk and maximize efficiencies. Connect with him on LinkedIn.

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