2013 Global Manufacturing Competitiveness Index Released
During the next five years, 20th-century manufacturing stalwarts like the United States, Germany and Japan will be challenged to maintain their competitive edge against emerging nations such as China, India and Brazil,according to a new manufacturing study.
Deloitte Touche Tohmatsu Limited’s Global Manufacturing Industry group and the U.S. Council on Competitiveness have released the 2013 Global Manufacturing Competitiveness Index. The report confirms that the landscape for competitive manufacturing is in the midst of a massive power shift. The perspectives published in this report series help frame conversations with government officials and policy makers regarding key items necessary for manufacturers to invest, innovate, compete successfully, and create jobs.
Deborah L. Wince-Smith, president and CEO of the U.S. Council on Competitiveness, views the perceived decline of America and other developed nations as an alarming trend requiring immediate action.
“We need to better understand the highly complex forces driving the future of manufacturing and many of the structural changes reshaping the global economy,” she says. “Emerging nations are growing fast and strong. Wise policies and practices could unleash American strengths, turbo-charge our manufacturing engines, and raise technology commercialization to new heights – driving U.S. economic growth and job creation.”
For complete details about the report, visit www.deloitte.com/globalcompetitiveness.