MANUFACTURING AT THE CLICK OF A MOUSE: THE THIRD INDUSTRIAL REVOLUTION COMMENCES

Posted by: Smartplanet.com

By:

A new report in The Economist calls the increasing digitization seen in manufacturing with technologies such as 3D printing the dawn of the “Third Industrial Revolution.”

One of the most pronounced changes now being seen is a shift away from moving production to regions with low labor costs back to regions where markets reside.  “Labor costs are growing less and less important,” The Economist notes: “a $499 first-generation iPad included only about $33 of manufacturing labor, of which the final assembly in China accounted for just $8.”  Read Full Article Here

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *