How can companies boost their competitiveness, productivity and sustainability through advanced manufacturing?
Advanced manufacturing, which incorporates cutting-edge technological innovations to transform production and drive innovation, is at the heart of the Fourth Industrial Revolution. Technologies such as 3D printing, advanced robotics, artificial intelligence, and virtual and augmented reality are enabling more efficient production processes, creating a positive impact on industry, society and the environment. With companies increasingly embracing advanced manufacturing to upgrade their factories and business models, a new paradigm for production is emerging – one that is blurring the lines dividing traditional industry sectors and informing the design of future business strategies.
The advanced manufacturing ecosystem – including leading core manufacturers, disruptors (companies involved in additive manufacturing, advanced robotics, new materials, design and recycling) and enablers (such as software and energy providers) – is attracting a growing number of investments and new entrants. Ongoing transformations are driven by trends such as a rising demand for customized products, digitalization of manufacturing, localization and shortened supply chains, changing requirements for manufacturing skills, increasing pressure to embrace sustainability, and more.
The Advanced Manufacturing Industry Community provides a platform for business leaders to:
For more information please contact Francisco Betti, Lead Future of Production (Francisco.Betti@weforum.org).