Industry 4.0 and the Innovation Gap in Advanced ManufacturingMike Nager
White paper describing the challenges the Industry 4.0 and Advanced Manufacturing will bring to workforce development and training of technicians and engineers.
Lecture slides in International Economics from a course at the University of the West of England, Bristol. Discusses recent and ongoing transformations of the world economy, including Ohmae's concept of the "Invisible Continent". Download available on the TRUE wiki for International Economics: http://economicsnetwork.ac.uk/international/lecturenotes
Industry 4.0 and the Innovation Gap in Advanced ManufacturingMike Nager
White paper describing the challenges the Industry 4.0 and Advanced Manufacturing will bring to workforce development and training of technicians and engineers.
Lecture slides in International Economics from a course at the University of the West of England, Bristol. Discusses recent and ongoing transformations of the world economy, including Ohmae's concept of the "Invisible Continent". Download available on the TRUE wiki for International Economics: http://economicsnetwork.ac.uk/international/lecturenotes
Rhode Island innovates: A competitive strategy for the Ocean State
In the fall and winter of 2015–2016, the Metropolitan Policy Program at Brookings worked in association with Battelle Technology Partnership Practice (now TEConomy Partners, LLC) and Monitor Deloitte to advance a new competitive strategy for the state of Rhode Island.
This slideshow summary of the project’s final conclusions finds that Rhode Island possesses unique assets for building an advanced economy that works for all but stands weakened by the decline of its core “advanced industries.” Given that erosion, the slideshow asserts that five advanced industry and two “opportunity industry” growth areas hold out solid potential for growth in the Ocean State and recommends that Rhode Island should embark on a three-part strategy to strengthen its advanced industries and improve its statewide platform for growth.
The real Internet can be said to be the collective name of consumer Internet, industrial Internet, and government and enterprise Internet. With the increasing popularity of the Internet, the demographic dividend is coming to an end, and the development of the consumer Internet is near saturation. At this point, people began to discover that instead of continuing to kill in the red sea of consumer Internet, it is better to consider looking for a new blue sea.
A Spanner In The Works: What Next For The UK Construction Industry?Amelia Green
* 43% of our respondents believe skills shortages constitute the most pressing concern for the construction industry sector.
* 40% of UK construction workers are set to retire in the next 15-20 years.
* 72% of our respondents feel concerned about the impact of Brexit
Emerging countries, mainly China, are changing the world economic order. This presentation explains how they do it and what kind of competition the "old countries" are now facing.
Fast forward or Slow Reverse by Rohit Talwar 09/01/14Rohit Talwar
Here we explore five major forces that could shape the next decade and examine the implications for the property sector. Major forces include: economic conditions, science & technology, demographic changes, sustainability, breakthrough innovation
Monthly Economic Update | November 2013One Columbus
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. The update also features the successes of Germany-based automotive parts manufacturer xperion locating the Heath, IT company HMB expanding in Westerville and the 10X startup accelerator companies pitching to investors.
This benchmarking study, developed by the Brookings Metropolitan Policy Program, provides the Greater Charlotte region with a framework and data to better understand its performance and position in the global economy, offering information and insights to help leaders more actively shape the region’s economic strategy.
By monitoring the signals/narrative in the environment it is possible to identify which are perking, which are trending and which are early or weak signals of change. Depending how adept you are in the process, it is possible to predict the outcome/influence of a trend and to develop foresight.
Presentación del CEO de METS Ignited, en el pánel:
LOS COMMODITIES Y SU POTENCIAL PARA GENERAR VENTAJAS COMPETITIVAS GLOBALES de la Conferencia CAF Productividad e Innovación para el Desarrollo
Few realize the impact the manufacturing industry has on the U.S. economy sector. Not only is manufacturing important for jobs and production, but the vitality of this sector is essential to meeting national challenges. Here are some interesting facts about the industry you may not know.
Start-up losses are mounting and innovation is slowing, but venture capitalists, entrepreneurs, consultants, university researchers, and business schools are hyping new technologies more than ever before. This hype is facilitated by changes in online media, including the rise of social media. This paper describes how the professional incentives of experts and the changes in online media have increased hype and how this hype makes it harder for policy makers, managers, scientists, engineers, professors, and students to understand new technologies and make good decisions. We need less hype and more level-headed economic analysis and this paper describes how this economic analysis can be done. Here is a link to the journal, Issues in Science & Technology: www.issues.org
Rhode Island innovates: A competitive strategy for the Ocean State
In the fall and winter of 2015–2016, the Metropolitan Policy Program at Brookings worked in association with Battelle Technology Partnership Practice (now TEConomy Partners, LLC) and Monitor Deloitte to advance a new competitive strategy for the state of Rhode Island.
This slideshow summary of the project’s final conclusions finds that Rhode Island possesses unique assets for building an advanced economy that works for all but stands weakened by the decline of its core “advanced industries.” Given that erosion, the slideshow asserts that five advanced industry and two “opportunity industry” growth areas hold out solid potential for growth in the Ocean State and recommends that Rhode Island should embark on a three-part strategy to strengthen its advanced industries and improve its statewide platform for growth.
The real Internet can be said to be the collective name of consumer Internet, industrial Internet, and government and enterprise Internet. With the increasing popularity of the Internet, the demographic dividend is coming to an end, and the development of the consumer Internet is near saturation. At this point, people began to discover that instead of continuing to kill in the red sea of consumer Internet, it is better to consider looking for a new blue sea.
A Spanner In The Works: What Next For The UK Construction Industry?Amelia Green
* 43% of our respondents believe skills shortages constitute the most pressing concern for the construction industry sector.
* 40% of UK construction workers are set to retire in the next 15-20 years.
* 72% of our respondents feel concerned about the impact of Brexit
Emerging countries, mainly China, are changing the world economic order. This presentation explains how they do it and what kind of competition the "old countries" are now facing.
Fast forward or Slow Reverse by Rohit Talwar 09/01/14Rohit Talwar
Here we explore five major forces that could shape the next decade and examine the implications for the property sector. Major forces include: economic conditions, science & technology, demographic changes, sustainability, breakthrough innovation
Monthly Economic Update | November 2013One Columbus
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. The update also features the successes of Germany-based automotive parts manufacturer xperion locating the Heath, IT company HMB expanding in Westerville and the 10X startup accelerator companies pitching to investors.
This benchmarking study, developed by the Brookings Metropolitan Policy Program, provides the Greater Charlotte region with a framework and data to better understand its performance and position in the global economy, offering information and insights to help leaders more actively shape the region’s economic strategy.
By monitoring the signals/narrative in the environment it is possible to identify which are perking, which are trending and which are early or weak signals of change. Depending how adept you are in the process, it is possible to predict the outcome/influence of a trend and to develop foresight.
Presentación del CEO de METS Ignited, en el pánel:
LOS COMMODITIES Y SU POTENCIAL PARA GENERAR VENTAJAS COMPETITIVAS GLOBALES de la Conferencia CAF Productividad e Innovación para el Desarrollo
Few realize the impact the manufacturing industry has on the U.S. economy sector. Not only is manufacturing important for jobs and production, but the vitality of this sector is essential to meeting national challenges. Here are some interesting facts about the industry you may not know.
Start-up losses are mounting and innovation is slowing, but venture capitalists, entrepreneurs, consultants, university researchers, and business schools are hyping new technologies more than ever before. This hype is facilitated by changes in online media, including the rise of social media. This paper describes how the professional incentives of experts and the changes in online media have increased hype and how this hype makes it harder for policy makers, managers, scientists, engineers, professors, and students to understand new technologies and make good decisions. We need less hype and more level-headed economic analysis and this paper describes how this economic analysis can be done. Here is a link to the journal, Issues in Science & Technology: www.issues.org
The US–China high-tech competition is modernizing American industries: an int...Keith Krach
Keith Krach, chairman of the Center for Tech Diplomacy at Purdue, was recently spotlighted by Kearney Consulting as a preeminent technology diplomat.
“The idea of competing with China as an alliance of value-driven democracies has gained tremendous momentum over the past four years through the architecting efforts of Keith Krach,” Kearney’s Drew DeLong notes in a new white paper.
Click here to view the whole white paper.
Keith Krach is an global CEO, Silicon Valley innovator, philanthropist and public servant, noted for bringing transformational leadership to multiple sectors, including robotics, engineering, commerce, education, philanthropy, economic statecraft and even the way people sign. Krach most recently served as Under Secretary of State, as the nation’s top economic diplomat leading America’s economic diplomacy portfolio and having the rare distinction of being unanimously confirmed by the U.S. Senate. He is also the former Chairman of the Purdue Board of Trustees and recruited sitting Governor of Indiana, Mitch Daniels, to be the 12th President.
Technology change & the rise of new industriesJeffrey Funk
Using an analysis of many existing and emerging industries, this book (to be published by Stanford University Press) shows how one can analyze the timing of new industry formation. It does this by analyzing the improvements in cost and performance that have enabled new technologies to become economically feasible.
THE IMPACT OF DIGITALIZATION ON THE MANUFACTURING INDUSTRY - TECH MAHINDRATech Mahindra
This IDC Spotlight paper emphasizes how continuous improvement methodologies, empowered by instrumentation, machine learning, and distributed intelligence, will help manufacturing companies become flexible, context-aware digital businesses.
Lund moligopolists - presentation (09 11 15) n petitNicolas Petit
Presentation on the dynamics of competition between digital economy firms like Google, Apple, Facebook, Amazon and Microsoft (“GAFAM”). It diagnoses a divorce between the discourse of the antitrust and trade regulation technocracy – ie specialist officials, lawyers and economists – which characterizes digital economy firms as lone monopolists active on narrow product markets sheltered from competition and the perception of other communities – ie technology pundits, business strategists and investors – who keep describing those firms as healthy oligopolists at war with each other. With this background, the presentation discusses the need for antitrust reform.
Zinc8 Energy Solutions: Getting de-risked and raised by a global network of c...Stephan Bogner
When some of the world´s brightest people and biggest companies unite, there must be an urgency to solve a bigger problem. In order to build a smarter, more sustainable future for the planet, a far-reaching multidisciplinary effort is needed to speed up the rate of greentech innovation together – and to finance the economies of the future.
Right now, there is an innovation-based industrial revolution going on to re-shape our world for the better.
Unfortunately, it´s happening too slow. Innovations and new technologies take too long to enter the market and to then scale in a meaningful way. Capital, capabilities (know-how) and connections are the greatest limiting factors.
This report report from Brookings, with Rockefeller Foundation support, shows that building up a region’s advanced industries is one such possibility with enormous potential. These industries not only create good jobs within the industry, but also up and down their massive supply chains. These jobs provide higher wages and greater opportunity to low and middle-income workers adversely affected by the economic recession.
A report issued by the Obama White House National Economic Council. The report finds the U.S. economy added some 800,000 manufacturing jobs since 2010--largely due to the shale revolution and cheap natural gas. Even Obama can't ignore the benefits of American shale gas.
Future of manufacturing: a new era of opportunity and challenge for the UK - ...bis_foresight
Foresight project looking at the long-term picture for the UK manufacturing sector between now and 2050.
Read the full report here: http://www.slideshare.net/bis_foresight/future-of-manufacturing-a-new-era-of-opportunity-and-challenge-for-the-uk-project-report
For more information, see: http://bit.ly/FoMn
The world of venture capital has seen huge changes over the past decade. Ten years ago there were fewer than
20 known unicorns in the US5
; there are now over 2006
. Annual investment of global venture capital has increased
more than fivefold over the same period, rising to $264 billion by 2019. This investment has been dominated by the
tech sector harnessing digital frontiers to disrupt traditional industries – including cloud computing, mobile apps,
marketplaces, data platforms, machine learning and deep tech.7
It is an ecosystem that acts as the birthplace for
innovation and brands that can shape the future of consumerism, sectors and markets.
As COVID-19 has taken hold of the
world, the question of whether venture
capital, and early stage investing more
broadly, is backing and scaling the
innovations our world really needs has
never been more pertinent. Life science
and biotech investing is an asset class
perhaps most resilient and relevant to
the short-term impact of COVID-19,
but there is another impact-critical
investment area that is emerging as
an increasingly important investment
frontier: climate tech.
This research represents a first-ofits-kind analysis of the state of global
climate tech investing. We define what
it is and show how this new frontier
of venture investing is becoming a
standout investing opportunity for the
2020s. Representing 6% of global
annual venture capital funding in 2019,
our analysis finds this segment has
grown over 3750% in absolute terms
since 2013. This is on the order of 3
times the growth rate of VC investment
into AI, during a time period renowned
for its uptick in AI investment.8
Looking forward can climate tech in the
2020s follow a similar journey to the
artificial intelligence (AI) investing boom
in the 2010s? The substantial rates of
growth seen in climate tech in the late
2010s, and the overarching need for
new transformational solutions across
multiple sectors of the economy,
suggests yes. The stage appears set
for an explosion of climate tech into the
mainstream investment and corporate
landscape in the decade ahead.
Similar to Rebuilding American Manufacturing Powerhouse | Sridhar Kota (20)
Rebuilding American Manufacturing Powerhouse | Sridhar Kota
1. Rebuilding American Manufacturing
Powerhouse | Sridhar Kota
Over the past few decades, we've learned the hard way that once manufacturing is gone,
engineering know-how quickly follows, and then later on innovation and our national security suffers
the consequences. That's a place that America has never been before.
In May of 2012, the U.S. Senate Armed Services Committee reported more than 1,800 cases of
suspected technological counterfeiting, involving more than 1 million parts for some of our country's
"most important military systems." At the same time, the 2012 Defense department report confirmed
that the most advanced work for many technologies is no longer being conducted in the United
States at all.
Offshoring was once regarded as a clever new way to improve one's bottom line, but strategizing
around wage differentials, currency rates and transportation costs can only ever provide a
momentary bump on a stock report and is anything but a robust solution. Millions of manufacturing
job loses in the last decade are largely a result of outsourcing, with hardly any due to productivity
gains as claimed by some.
Even some experts, who had in the mid-90s promoted a "China plan" for U.S manufacturers as a
necessary strategy to cut costs, are now touting re-shoring back to the U.S., although benefits of
reshoring are little more than anecdotal. It's true that wages in China have been steadily rising at
10-15 percent per year but they are still a small fraction of U.S wages. And besides, in a global
market, as China's wages grow, low-skill labor will simply move to another even lower wage country.
As much as we might wish it, reshoring is not going to replace all that we've lost; and "silver bullet"
solutions like 3D printing are not going to revamp a $2 trillion American manufacturing economy
anytime soon.
America's comparative advantage in high-technology products, engineered and manufactured by our
world-class engineers and highly skilled workers, is the only sustainable model that has ever
worked. This is because in high-technology industries, manufacturing and R&D are closely bound.
Once the manufacturing process is matured, design and manufacturing can be separated -- that is,
manufacturing can be outsourced. Hence it is important to establish the needed infrastructure as the
technology is being matured so that manufacturing can take root alongside R&D. Ample evidence
shows that combining the two is key to fueling real innovation, and the co-location of R&D and
manufacturing facilities adds value to each. History has shown many times that failure to
manufacture a generation of such products puts the ability to innovate the next generation of
products at risk.
We need to re-establish a robust manufacturing sector by rebuilding the knowledge, skills and
infrastructure to create and maintain new supply chains for next-generation products by leveraging
our inherent strengths in government-funded basic research, entrepreneurship and free markets.
Role of Government
Although some say that "government should not pick winners and losers" and "get out of the way," of
American private enterprise, it's worth remembering that historically our government has always
2. nurtured the creation of new high-technology industries, often by underwriting basic and
translational research, development, demonstration, and early procurement.
A highly illustrative example is America's aircraft industry. A dozen years after Orville Wright took
his Flyer airborne at Kitty Hawk in 1903, the United States lagged behind other nations in the
emerging aviation industry. In 1915, the federal government established the National Advisory
Committee for Aeronautics (NACA) to advance the standards, design, and development of engines
and airfoils. By 1916, American companies had produced only 411 aircraft, but we churned out more
than 12,000 in a nine-month period from 1917 to 1918 to close out WWI. Then as now, defense
procurement has proven highly successful at accelerating innovation.
Similar government investment led to our leadership in semiconductors, computers and the Internet
though we've failed to leverage the fruits of more recent innovations such as cell phones, flat panel
displays and lithium-ion batteries, to name but a few. This was at least partly due to a lack of timely
investment by government and industry in the translational research needed to reduce technical and
market risks and bolster those budding markets. The U.S. is creating knowledge but failing to create
wealth and jobs with technologies that we've largely invented.
To be sure, the initial spark for new industries comes from the genius of individual entrepreneurs,
scientists and engineers, but it sometimes takes a bit of federal support to fund high-risk R&D in
order to overcome market failures, and the hesitance of established firms. Risk-averse corporate
R&D has declined significantly in the last two decades and is now mostly limited to product
development (otherwise known as "applied" R&D). It can be characterized as incremental at best
and tends to focus on making current products more profitable. This is not so much a character flaw
as a survival tactic for our increasingly timid corporate behemoths.
Simply investing in basic research and leaving the rest to the free market has not worked in recent
decades in a globally competitive world. It has left an innovation gap between discoveries and
manufacturing. Once our "nascent" technologies begin to mature and their manufacturing /supply
chains take root elsewhere, it is not only difficult to bring them back but worse, the next generation
versions are now being invented over there.
Investing in the Future
President Obama's Manufacturing Innovation Institutes are meant to bridge this innovation gap by
investing in translational R&D to mature emerging technologies and their manufacturing readiness.
Modeled after Germany's Fraunhofer institutes, which in turn were inspired our own "Bell Labs" of
3. yesteryear, the Manufacturing Innovation Institutes identify and avoid market failures and are
funded jointly by the government and the private sector. The first of these institutes was established
in 2012, three more were announced earlier this year, and the President has proposed a total of 45
over the course of the program. These institutes are not designed to bring back all those millions of
middle-skill jobs we've already lost. The mission of these public-private partnerships is to leverage
new discoveries and inventions that could lead to the next big thing and lay the foundations for next
generation high-tech products so we don't lose them as well.
We may not yet know what "next big thing" these technologies will lead to; but public-private
partnerships, such as Manufacturing Innovation Institutes, should be put in place to avoid market
failures by supporting emerging technologies that offer (a) high growth potential and broad
economic impact and (b) a "first mover" advantage relative to international competitors. We have to
be careful not to let these institutes shift their focus away from the translational R&D needed to
create new industries.
When it comes to existing industries, cutting edge technology, more often than not, plays only a
secondary role. Ineffective trade policies can tilt the playing field against U.S. manufacturers (steel,
solar cells, for example) and this leads to further erosion and sometimes, loss of a whole sector's
growth, jobs and key supply chains. In addition to fair trade and smart regulations, we need a skilled
workforce and affordable energy to stay competitive.
The training of skilled production workers should also be a shared responsibility between public and
private sectors much like the Manufacturing Innovation Institutes. Leveraging federal investments,
the private sector must engage with community colleges and municipalities to craft training
programs for employable skills, and revamping internships and apprenticeship programs. Consider
that, despite cries from domestic employers at the lack of a skilled domestic workforce, foreign
manufacturers like Siemens, BMW, and Toyota routinely invest in their own workforce training and
are managing to thrive in the U.S.
This Administration's focus on advanced manufacturing comes at a uniquely advantageous time with
the development of low-cost natural gas and natural gas liquids (NGLs) in the U.S. We need a
comprehensive national strategy for sustainable use of shale gas to promote economic growth and
jobs. For a brief window we have reduced feedstock costs for U.S. chemical industry and reduced
energy costs for America's energy intensive manufacturing sector such as steel, aluminum, paper,
glass and others by as much as $11.6 billion per year. This shale gas boom has already supported 2.1
million jobs and added $283 billion to GDP last year. The hydraulic fracturing and horizontal drilling
technologies that enabled the shale boom are examples of American ingenuity and decades of R&D
funded by public and private entities.
4. Anchoring Manufacturing in the U.S
As we excel in creating knowledge we must get better at converting that knowledge into American
jobs and wealth through public-private partnerships on initiatives like Manufacturing Innovation
Institutes.
But that is still not enough -- because there is no guarantee that the resulting new products and
processes will take root in the U.S. For that, we need legislation that encourages establishing new
manufacturing facilities in the U.S. as well as financial disincentives for moving them overseas. We
need to ensure a net return on the taxpayer investments that helped develop the technology in the
first place.
In cases where companies still prefer to manufacture outside the U.S., they should do so by
returning a percentage of their offshore profits to the U.S taxpayer as compensation for the systems
or components that were developed through those government-funded technologies or their
derivatives. Without some type of legislative teeth to promote domestic manufacturing while
discouraging offshoring, the benefits of our investments in basic and translational R&D will not
trickle down to strengthen our economic and national security. And as with any "investment," in
contrast to "spending", appropriate metrics and effective oversight polices will be needed to
measure our return.
Many of the ingredients we need to restore a robust American manufacturing power base are still
intact. If enough leaders, of all stripes, in Washington and in industry, can make the strategic
commitments necessary, we can regain our manufacturing prowess through public-private
partnerships built on a solid foundation of basic & translational research to create new industries
and fair and sustainable trade, taxes and regulation to enhance competitiveness of existing
industries. The time is right, and the creativity and entrepreneurial spirit in America's collective
DNA are still second to none.