"Manufacturing the future: The next era of global growth and innovation" is the title of McKinsey's latest report. The executive summary is worth a read, but I'm not sure it gave me many new insights. However, and this is why I read their stuff, it contains some interesting statistics and charts. Here's one example:
You need to think through the necessary generalisations implicit in this chart:
You need to think through the necessary generalisations implicit in this chart:
- If you can invent something new in wood products (an industry marked by low R&D and low value density), can you scale it up enough to take the world by storm?
- Is the real opportunity to create the technology to make that new wood product, and then sell it to the world's wood product makers? Northern Europe's mid-size machinery and chemical manufacturers (R&D intensive) have done well this way.