Global Forces Shaping the Future of Manufacturing
In this presentation, MAPI Foundation Chief Economist, Cliff Waldman, presents an overview of the key forces shaping the long-term global business climate for U.S. manufacturers. He notes three important dynamics. Pronounced shifts in global demographics are moving the world economy from a state of being labor rich to one of being labor scarce. Extending the demographic analysis, Cliff discusses the business and supply chain implications of rapid urbanization. Finally, he notes the rise of Africa as a promising platform for production, distribution, and R&D. After concluding with broad thoughts on the evolution of thenew manufacturing world, he offers a number of business implications.