By Joe McKendrick Article
“A new report in The Economist calls the increasing digitization seen in manufacturing with technologies such as 3D printing the dawn of the “Third Industrial Revolution.” One of the most pronounced changes now being seen is a shift away from moving production to regions with low labor costs back to regions where markets reside. “Labor costs are growing less and less important,” The Economist notes: “a $499 first-generation iPad included only about $33 of manufacturing labor, of which the final assembly in China accounted for just $8.”
In fact, the shift to localized production has already been underway — in a new survey of 106 executives at large US-based manufacturing companies, Boston Consulting Group (BCG) finds more than a third, 37 percent, plan to bring back production to the United States from China or are considering it.
… an important factor, is the rise of automation and digitization of production processes within US companies, thanks to information technology and lean methodologies. Emerging technologies, particularly 3D printing, also makes production at the source viable and cost-effective, and it’s likely that many companies and innovators will be embracing “desktop manufacturing” as a way to quickly and smartly assemble and mass produce their goods.
… 3D printing will change “the geography of supply chains,” since 3D printing can take place anytime, anywhere. Spare parts will no longer have to be ordered from some distant locale, they can be made on the spot.”
Posted by empwaynek 
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