Manufacturing
in sentence
1925 examples of Manufacturing in a sentence
It started to shift the economy’s base from export-oriented industries to domestic growth, and from
manufacturing
to services.
Beyond business culture, there is the fact that manufacturing, until recently the major source of strength of the German and other European economies, has begun to emigrate in a big way.
But, while China has implemented policies to maximize the benefits of free trade (undervaluing its currency, investing in infrastructure, and luring foreign
manufacturing
to increase competitiveness), the country remains unprepared for deeper integration with the world.
Should India aim to follow the traditional
manufacturing
export model that Japan pioneered and that so many others, including China, have followed?
When the McKinsey Global Institute analyzed more than 2,000 Chinese companies in industries ranging from coal and steel to auto
manufacturing
and retail, it found opportunities to raise productivity by 20-100% by 2030.
In addition to streamlining existing operations (for example, by introducing self-checkout systems in retail businesses), China has opportunities to complement its
manufacturing
sector with high-value-added business services in areas such as design, accounting, marketing, and logistics.
In
manufacturing
itself, China can do more to automate its factories.
In fact, Chinese
manufacturing
was growing by 5-7% throughout that period.
Indeed, for 19 out of the PMI’s 36 months of existence, the value has been below 50, while Chinese
manufacturing
growth has averaged 7.5%.
To be sure, China’s growth strategy – powered by investment in infrastructure, a massive increase in low-cost
manufacturing
exports, and technology transfers – has led to some structural change.
Another risk is that China’s leaders continue to delay efforts to expand the services sector – including finance, insurance, wholesale and retail trade, and logistics – in the hope that the economy can continue to depend on
manufacturing.
Given how difficult it can be to gain support for such efforts, especially compared to policies aimed at boosting manufacturing, liberalization and expansion of the services sector will require a strong commitment from China’s government.
By using abundant and low-cost labor, developing countries were able to increase their share of global
manufacturing
activities, creating jobs, attracting investment and, in some cases, kick-starting a broader industrialization process.
But, for the firms that took advantage of the opportunity to reduce costs by shifting
manufacturing
to the developing world, there was always a trade-off: offshore production meant limited ability to respond quickly to shifts in consumer demand.
By investing in “additive manufacturing,” robots, and other non-human tools, companies could move their production sites closer to their final markets.
In the US,
manufacturing
has received a boost from technologies like robotics and 3D printing.
Rather, it is the result of how oil wealth shifted economic development away from
manufacturing
jobs that have historically pulled women into the labor force, while promoting jobs in construction, which tend to be dominated by men.
This is because the problem permeates the entire life cycle of electronic products, from the mining of raw materials to the occupational hazards associated with
manufacturing
and product assembly and the disposal of outdated or broken products.
Ultimately, effective strategies for managing e-waste require the development of local infrastructures, aggressive coordination of community participation, and international regulations that encourage sustainable
manufacturing
practices without stifling innovation.
In
manufacturing
and services (particularly software, business processing, etc.), respectively, China and India have made huge strides internationally, and their acquisition of global companies has attracted considerable attention.
For example, in terms of value added (the value of output after deducting the cost of materials and components), China, contrary to popular impression, is not yet the
manufacturing
center of the world.
The Chinese produce about 15% of value added in world manufacturing, while the United States contributes about 24% and the European Union about 20%.
The outcome of the Council’s June meeting was encouraging, and we must continue on that path in the coming months to make progress on two equally important issues: how to foster innovation and the digital economy, and how to ensure Europe’s
manufacturing
competitiveness.
Saving is the seed corn of economic growth – the means to boost American competitiveness by investing in people, infrastructure, technology, and new
manufacturing
capacity.
The development of the energy and infrastructure sectors is also important, as it can help to underpin the growth of
manufacturing
and provide much-needed government revenue.
In the US, economic performance in 2014 will benefit from the shale-energy revolution, improvement in the labor and housing markets, and the “reshoring” of
manufacturing.
Outside the world of manufacturing, where mass-produced goods may still have a substantial cost advantage over custom-printed ones, 3D printing will have far greater impact downstream, in the market for spare parts and replacements, where demand is less predictable but more precise.
Chinese
manufacturing
assembly is integral to global supply chains for many products.
Similarly, electrification, automation, software, and, most recently, robotics have all brought major gains in
manufacturing
productivity.
The dislocation of workers continues today, with robotics displacing some
manufacturing
jobs in the more advanced economies.
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