The Next Wave of Manufacturing
Centre for Entrepreneurial Management and Innovation (CEMI) Discussion Paper No. 1301
12 Pages Posted: 24 Apr 2014
Date Written: August 18, 2013
Manufacturing remains an important sector in most economies and offers the most value adding of all sectors. Over the past 40 years globalisation as impacted on manufacturing; making it more challenging for advanced economies with high labour costs to compete. However, there has been a major shift in the global business model that underlies manufacturing. This is a shift from control over stocks of knowledge and assets, to the ability to tap into global flows of knowledge and intellectual capital. The use of additive manufacturing tools such as 3D printers can potentially change the nature of how manufacturing works. If Australia’s manufacturing industries are to be sustainable they must embrace bundling high-value added products and services and engage actively in global supply chains. Attention should be given to low and mid-tech industries as well as high-tech sectors.
Keywords: 3D printing, global supply chains, globalisation, Innovation, manufacturing
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