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Global Growth - Coggle Diagram
Global Growth
Three Historic Manufacturing Revolutions
The Steam Engine
Mass Production Model
First Automation Wave
The Current Manufacturing Revolution
Robots
Scale Customization
Additive Manufacturing: 3D Printing
Horizontal/Vertical Integration
Augmented Reality
Cloud and Cyber Security
Simulation
Industrial Internet
Big Data and Analytics
Supply Chain Change due to Manufacturing Revolution
Will have Global implications
Education would need to reteach manufacturing
Developing Economies will be able to produce in their own countries.
Will change from East to West trade flows to regional trade flows
How To Stop Growth Decline?
Produce More
Putting more into the Economy
How??
More Labor
More Capital
More Productivity
PRODUCTIVITY HAS HISTORICALLY BEEN THE GROWTH LEVER
Current Manufacturing Revolution will lead to more productivity