global manufacturing

Vietnam, part of the "Mighty Five" in Deloitte's Global Manufacturing Competitiveness Index 2016

 

In Deloitte's 2016 Global Manufacturing Index, CEO survey respondents were asked to rank nations in terms of current and future manufacturing competitiveness. Top performing nations have each demonstrated strengths across multiple drivers of manufacturing excellence. They also clearly illustrate the close tie that exists between manufacturing competitiveness and innovation. The 2016 study underlines the shifting dynamics among global manufacturing nations

  • CEOs say advanced manufacturing technologies a key to unlocking future competitiveness: As the digital and physical worlds converge within manufacturing, executives indicate the path to manufacturing competitiveness is through advanced technologies.
  • Shift to higher value, advanced manufacturing tilts the advantage to developed nations in the future: As the manufacturing industry increasingly applies more advanced and sophisticated product and process technologies and materials, traditional manufacturing powerhouses of the 20th century (i.e. the United States, Germany, Japan, and the United Kingdom) are back toward the very top of the 10 most competitive nations in 2016.
  • Two regional clusters of strength emerge: Out of the top 10 manufacturing competitive nations, two regions, North America and Asia Pacific dominate the competitive landscape. All three North American countries in the top 10 today and are expected to remain in the top 10 ranking five years from now. As many as five Asia Pacific nations (China, Japan, South Korea, Taiwan and India) are expected to factor in the top 10 by 2020, leaving only two spots remaining for Germany and the United Kingdom to represent Europe in the top 10.
  • BRIC breaks down: Of the BRIC countries (Brazil, Russia, India and China), only China is viewed by executives as a top manufacturing nation in 2016. The other three BRIC nations have experienced a decline in their rankings over the last few years.
  • The rise of the “Mighty Five": The five Asia-Pacific nations of Malaysia, India, Thailand, Indonesia and Vietnam (MITI-V or the “Mighty Five”) are expected to be included into the top 15 nations on manufacturing competitiveness over the next five years.

 

 

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