FILTERED BY DR ZOOM

A critical challenge for manufacturers will be to approach footprint decisions in a more nuanced way. Labor-intensive industries will almost always follow the path of low wages, but others, with more complex needs, must weigh factors such as access to low-cost transportation, to consumer insights, or to skilled employees. Policy makers should recognize that their long-term goals are best served by supporting critical enablers for manufacturers (such as investing in modern infrastructure) and by helping them forge the connections they will need to access rapidly growing emerging markets. They must work with industry and educational institutions to ensure that skills learned in school fit the needs of employers.

https://www.mckinsey.com/business-functions/operations/our-insights/the-future-of-manufacturing?cid=other-eml-cls-mip-mck-oth-1811&hlkid=a1e63ef8494a4a33bc435f1c27e4c7fa&hctky=&hdpid=1c64a1fa-0698-43ed-9d2c-5c707afe6d32