Economic growth has been slowing for the past 50 years, but relief might come from an unexpected place — a new form of manufacturing that is neither what you thought it was nor where you thought it was. Industrial systems thinker Olivier Scalabre details how a fourth manufacturing revolution will produce a macroeconomic shift and boost employment, productivity and growth.
For forestry, this may mean we are on the verge of a major shift back to local manufacturing.
While Olivier details how technology is impacting on how manufacturing is done, he also highlights some interesting predictions on the increasing cost of overseas manufacturing. At 11.30 minutes into the video, he states that:
- Last year, it was already as expensive to produce in Brazil as to produce in France.
- By 2018, manufacturing costs in China will be on par with the US.
Please share your thoughts below on the video and whether this will have any impact on how the forestry industry operates in this part of the world.
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