The Shifting Sands Of Global Manufacturing

Manufacturing sectors have been contracting in many countries of the world, although not in the US or Vietnam. Today, Melissa examines the troubling trends behind the downturns, globally and for specific countries. Notably, China remains the world’s number-one producer of manufactured products, though its position is rapidly eroding. Conversely, Vietnam’s pro-business policies are attracting global manufacturers seeking to diversify their supply chains; foreign direct investment in Vietnam rose 7% last year. … The era of green automation is also changing the global manufacturing landscape, with innovations that improve operational efficiency and address environmental challenges.