Four strategies to unlock manufacturing innovation today
Posted by Bert Maes on September 14, 2010
“Instead of a forest dominated by a few large trees, it will be nurturing a garden with many small flowers”: crowdsourcing and web-based collaboration, virtual micro-factories, small batch businesses, high-mix/low-volume parts, cloud manufacturing, 3-D printing technology to revamp the hands-on production industry.
What would be needed to unleash our creativity? A competitive strategy for any country should have four tall tent poles, according to Andrea Belz, specialist in strategies that transform innovation into profits:
1. Fund research, education and innovation programs.
3. Tax incentives for small companies to purchase new technologies and other capital goods.
4. Retain foreign talent.
“The risk is not that large-scale manufacturing will leave us,” Andrea Belz says, but “this is the last chance to stop the innovation train from departing as well.”