Here is a look at productivity

1. What is Productivity and
how does business improve
its productivity
PAUL YOUNG CPA CGA
JUNE 24, 2019

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 Definition of Productivity
 How to fix productivity?
 Most Productive countries
 Automation / Warehousing
 3D Printing
 What’s next?

4. What is Productivity?
A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful
outputs.
Productivity is computed by dividing average output per period by the total costs incurred or resources
(capital, energy, material, personnel) consumed in that period. Productivity is a critical determinant of
cost efficiency.
Source - http://www.businessdictionary.com/definition/productivity.html

5. How to fix productivity?
1. Equip with the right tools (https://blog.hubstaff.com/employee-productivity/
2. Do not suppressed innovation
3. Key investment in capital equipment
4. Redefining educational and training programs
5. Re-working supply chain management
6. Embracing new technology (AI, Machine-Learning, 3-D Printing)
7. Embracing Risk Analytics and Risk Management
8. Encourage autonomy
9. Embracing remote workers
10. Embracing better collaboration tools

6. Most Productive Countries
Top Ranking - 2018
1. Luxembourg
2. Norway
3. Switzerland
4. Denmark
5. Iceland
6. United States
7. Australia
8. Ireland
9. Netherlands
10. Sweden
11. Germany
12. Finland
13. Canada
14. France
15. Japan
Source - https://collectivehub.com/2018/02/15-of-the-worlds-most-productive-
countries/
Top Ranking - 2015
1. Luxembourg
2. Norway
3. Australia
4. Switzerland
5. Netherlands
6. Germany
7. Denmark
8. USA
9. Ireland
10. Sweden
11. Austria
12. France
13. Canada
14. Finland
15. Icelan
Source - https://www.indy100.com/article/the-most-productive-countries-in-the-world-also-have-the-shortest-work-days--ZJWJ1Vvw8Pb or
https://www.businessinsider.com/expert-market-research-on-the-most-productive-countries-in-the-world-2016-7#2-norway-3636--the-scandinavian-
crown-for-productivity-sits-on-the-head-of-norway-whose-workers-are-more-than-twice-as-productive-in-monetary-terms-than-those-in-italy-spain-and-
japan-18

7. Automation / Warehousing
Source - https://www.industryweek.com/talent/60-companies-plan-warehouse-automation-ease-labor-woes

8. 3D Printing
Source - https://3dprintingindustry.com/news/ashley-furniture-transforms-factory-floor-with-3d-printing-156330/ or
https://singularityhub.com/2019/04/08/5-big-breakthroughs-to-anticipate-in-3d-printing/
Furniture Manufacturing
American furniture manufacturer Ashley Furniture has improved the efficiency of its Wisconsin factory with the
use of 3D printing. Using two Formlabs Form 2 3D printers the company has significantly reduced cost, lead
times and its factory labor force, demonstrating the transformative potential of 3D printing on a large
traditional production line.
3D Printing Breakthroughs
• 3D printing speeds are slated to increase by 50-100X
• Sustainable, affordable, 3D printed neighborhoods are launching
• Convincing and delicious 3D printed steaks and burgers in fine restaurants on Earth and in space
• Metal 3D printers will overtake plastics
• “Hey” will be the most frequently used command in design engineering

9. What’s next
 All levels of government need to streamline regulations
 All levels of government needs to stop looking at ways to tax businesses
 All business need to re-think their IT map when it comes to their operation
 More emphasis on training and skills development to ensure a business workforce is prepare for today and
tomorrow changes to business operations
 More alignment of AI and machine learning with supply management
 WTO reforms and reduction in global protectionism policies
 More key investments in infrastructure that will reduce the delivery times, i.e. door to store.