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The Next Manufacturing Revolution - Coggle Diagram
The Next Manufacturing Revolution
Growth
In order to grow you must produce more
Labor
Capital
Productivity
Advanced Manufacturing
Robots
3D Printing (plastic and metal)
Faster and more customizable
Clothes
Cell phones
Cars
One product produced will cost the same as many products produced
History
Steam Engine (19th century)
Mass production model (20th century) - Henry Ford
First Automation Wave (1970s)
Failed attempts of innovating manufacturing
Offshoring (Cheaper Labor)
Large warehouses producing specialized products. (Slow)
Technology - Internet - making us less productive
The Future
Relocating Manufacturing
Proximity is the new normal. Which leads to faster lead times
Flexibility > Scale
Multiproduct
Made-to-order
New Globalization
Regional trade rather than global trade (less travel)
Cleaner
Better for environment
More employment
More growth
Wealth distribution creating better futures for more people (if countries buy into this way of doing manufacturing)