The rapid emergence of China & India as prime locations for low-cost manufacturing has led some analysts to conclude that manufacturers in the ”old economies”
- the U.S., U.K., Germany, & Japan
- are being edged out of a profitable future. But if countries that have historically been at the forefront of events in manufacturing can adapt adroitly, opportunities are by no means over, says the author of this timely book. Peter Marsh explores 250 years in the history of manufacturing, then examines the characteristics of the industrial revolution that is taking place right now. The driving forces that influence what types of goods are made & who makes them are little understood, Marsh observes. He discusses the key changes in what is happening in manufacturing today, including advances in technology, a greater focus on tailor-made goods aimed at specific individuals & industry users, participation of many more countries in world manufacturing, & the growing importance of sustainable forms of production. With broad historical sweep & dozens of engaging examples, Marsh explains these changes & their import both for consumers making purchase choices & for manufacturers assessing how to participate successfully in the new industrial era.