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This council will explore the future of production systems, comprising the following elements: - Impact of emerging technologies and innovation on value chains - Future of jobs in manufacturing and the need for an upgraded skillset - Environmental sustainability and new approaches to sustainable production - Governance structure and regulations to enable innovation and future production - Role of trade and capital flows in future production systems and impact on global economy - Ongoing changes in consumer behavior and influence on new approaches to production - Challenges for small and medium enterprises to stay relevant in future value chains - New opportunities for public private collaboration within the space of production