Published November 21, 2012
Over the next five years, 20th-century manufacturing stalwarts like the United States, Germany and Japan will be challenged to maintain their competitive edge to emerging nations such as India and Brazil, according to the 2013 Global Manufacturing Competitiveness Index from Deloitte Touche Tohmatsu Limited’s Global Manufacturing Industry group and the U.S.
The report confirms that the landscape for competitive manufacturing is in the midst of a massive power shift – based on an in-depth analysis of survey responses from more than 550 CEOs and senior leaders at manufacturing companies around the world. This shift will clearly impact the UK, as it is predicted to drop from the 15th most competitive nation today, to 19th position in five years’ time. This slide in competitiveness holds true for several other European nations, including France, Italy, Belgium, the Netherlands, Portugal, Poland and the Czech Republic, which are all expected to experience a dramatic decrease in their ability to compete.
The 2013 Global Manufacturing Competitiveness Index once again ranks China as the most competitive manufacturing nation in the world both today, and five years from now. Germany and the United States round out the top three competitive manufacturing nations, but, according to the survey, both fall five years from now, with Germany ranking fourth and the United States ranking fifth, only slightly ahead of the Republic of Korea. The two other developed nations currently in the top 10 are also expected to be less competitive in five years: Canada slides from seventh to eighth place and Japan drops out of the top 10 entirely, falling to 12th place.
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