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The global bubble tea market is expected to grow at a compound annual rate of nearly 9% through 2030. She is excited to be leading the way in the food + beverage space with an all-natural boba manufactured in the United States. Boba tea, especially among younger consumers like Millennials and Gen Z, is growing.
Recently, in honor of International Women’s Month, Perficient hosted a roundtable “Mastering Manufacturing with Experts”, with female manufacturing experts to discuss top trends in the manufacturing industry. Before diving in, let’s look at some interesting manufacturing facts: 30% of the manufacturing workforce is women.
Digital transformation in manufacturing is on the rise. According to Allied Market Research, the global manufacturing market will reach €1400bn by 2030. Companies that successfully embrace digital transformation in manufacturing will be much more productive than their rivals. 5 Ways To Drive Digital Acceleration.
In fact, according to a report from Korn Ferry, by 2030, more than 85 million jobs could go unfilled across three major industries: telecommunications, manufacturing, and technology. However, experts are warning that local candidates to fill those roles may become scarce in certain areas. This shortage could cost 8.5
Nothing could underpin the importance more than the fact that the first Global Stocktake (GST) of the implementation of the Paris Agreement will conclude at COP28, the mid-point in the implementation of the 2030 Agenda for Sustainable Development and its SDGs, including Goal 13 (climate action).
The last 2 years have set the stage for this transition in the Digital Manufacturing industry, where technologies such as Metaverse , Quantum Computing, Web 3.0, Not only will these technologies enable newer use cases, they will also leapfrog the manufacturers transformation journey. The current Manufacturing industry landscape.
Mexico is a top option for many foreign manufacturers wanting to nearshore or reshore their production. There are several reasons why it’s become a favored option over China and why businesses are focused on this strategy as part of their manufacturing future. companies manufacturing in Mexico automatically benefit from lower costs.
Mexico has been a manufacturing leader but has recently surpassed China as the top trade partner with the U.S. and other foreign manufacturers expanding their operations can depend on the blueprint that Mexico has in place. Over the past 20 years, the number of aerospace manufacturing firms has grown over triple in size.
have affected a number of industries, but it’s the decline of industrial employees that has caused concern for many manufacturers. economy over $1 trillion by 2030 with an estimated 2.1 million unfulfilled manufacturing jobs. Manufacturing is an impactful part of Mexico’s economy. Labor shortages across the U.S.
companies manufacturing in Mexico have been historically successful and continue experiencing strong growth across all sectors. The medical device industry, in particular, has become a hub of production, following in the footsteps of global manufacturers like Medtronic, Stryker, and Johnson & Johnson. market for medical devices.
The manufacturing industry is ever-evolving, and there’s been a particular shift that’s picked up steam over the past several years. They join several of the top global leaders in the manufacturing industry that have benefited from the advantages of nearshoring to Mexico for decades. million unfulfilled jobs by 2030.
Recruiting for technically-savvy talent is one of the biggest undertakings manufacturers are facing today. million jobs will go unfulfilled by 2030 due to the manufacturing skills gap in the U.S., When the pandemic first began, there had been an uptick in available manufacturing jobs in the U.S. It’s projected that 2.1
Mexico manufacturing is a leading strategy for U.S. Though not a new approach, it’s one that’s being revisited as companies increase their current foreign direct investment (FDI) or consider manufacturing in Mexico for the first time. manufacturers. Steadily Growing Industrial Workforce. Reliable, Cost-Effective Supply Chain.
Manufacturing-led, Hi-tech-led, and Services-led verticals constitute the majority of the Digital Engineering spend. By commercializing their Generative AI offerings in text, image, audio, and video platforms, SPs can cater to a variety of use cases across Services-led, Hi-tech-led, and Manufacturing-led verticals.
manufacturers began operating in Mexico as part of its maquiladora program. manufacturers as leaders in semiconductor production worldwide. In coordination with Mexico, the goal is to reshore technology components from Asia and focus on new manufacturing and chip investment opportunities. manufacturers can consider.
For decades, nearshoring to Mexico has been integral for automotive manufacturers. Global brands including Ford, GM, and Volkswagen have relied on Mexico manufacturing to meet the market’s growing demand. Search for Portfolio Diversification Since the pandemic, many manufacturers have been cautious about continuing operations in China.
However, in alignment with the region’s Vision 2030 of diversifying its economy, Saudi Arabia has all its investments in line to become a pioneer in the AI and gen AI landscape. The Kingdom of Saudi Arabia has been historically dominated by its O&G industry and, until quite recently, was not perceived as a tech-savvy nation.
Understanding how to navigate operating in a foreign country often requires a learning curve many manufacturers aren’t prepared for. and other foreign manufacturers can stay competitive : 48-Hour Work Week The U.S. However, it is common for manufacturers to divide the 48-hour work shift into a five-day Monday-to-Friday work week.
Policies driving development At 2023’s United Nation’s Climate Change Conference (COP28), governments set a goal to triple global renewables power capacity by 2030. The expansion of the solar PV supply chain is enabling the manufacturing necessary to meet the demands of the growing industry.
Macron’s broader goal is to achieve 100 French unicorns by 2030, including 25 green unicorns (companies focused on creating technology that will reduce human impact on the environment). In line with the France 2030 plan, from 2022 to 2026, the “ Industrial startups and SMEs Plan ” will make EUR 2.3
The Gigafactory race is on: how are Siemens and Capgemini accelerating the battery manufacturing industry Capgemini Sept 13, 2023 Facebook Twitter Linkedin The battery industry faces a huge challenge to scale up its production capacity. The battery ecosystem is expected to receive an investment of more than $300 (1) billion by 2030.
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The low cost of labor is one of the key reasons why manufacturing in Mexico has consistently remained a key strategy over the years. Mexico’s industrial workforce is equipped with an advanced level of training and skill development, making employees invaluable to foreign manufacturers wishing to expand. The result? million U.S.
trillion in economic benefits by 2030. The goal is for there to be more nature by 2030 than there is today—which means taking actionable steps in 2024. Instead of seeing things as disposable, it encourages the reuse and recycling of products. Research expects that transitioning to a circular economy could generate USD 4.5
The Paris Agreement on climate change also mandates that these industries will need to reduce annual emissions by 12-16% by 2030. We have started deploying this technology in a large steel plant in India, a cement plant in Latin America and CPG manufacturing in North America.
The Next Chapter in India’s GCC Story: Integrated Global Organizations We believe that by 2030, India Global Capability Centers (GCCs) will cease to exist in their current form. By 2030, Asia will contribute to over 50% of the global GDP , with 84% of the overall net addition to the global GDP coming from Asia.
Experts state countries can create at least 65 million new low-carbon jobs globally by 2030 if they take action soon. Experts estimate worldwide green initiatives could generate at least $26 trillion in net global economic benefits between now and 2030. History bears out this prediction. Following the Great Recession of 2008, the U.S.
Due to its geographic location, favorable trade agreements, and low cost of labor , Mexico became the center for global manufacturers to expand their production cost-effectively. For decades, worldwide manufacturing leaders have benefited from the opportunities the maquiladora industry in Mexico provides. and other foreign operators.
Historically, the semiconductor industry has been characterized by a global supply chain, with manufacturing hubs and suppliers across regions, predominantly in the US and East Asia, with the US and China emerging as key constituents. Reducing manufacturing concentration – East Asia has been a leader in semiconductor fabrication.
India GCC: From R&D to Full-scale Manufacturing and Commercialization As impressive as these achievements are, Indian GCCs are setting their sights even higher. Moving from R&D to full-scale Manufacturing and Commercialization. This shift towards manufacturing represents a new challenge and opportunity.
This shift offers an unprecedented opportunity for businesses within the CleanTech industry, a sector projected to reach a staggering USD 380-400 Bn by 2030. By 2030, an additional 1.2 By 2030, an estimated 350 Mn EVs are set to hit the roads, sparking a surge in innovation and development. Why is there a need for CleanTech now?
With the semiconductor industry projected to double by 2030, and carbon emissions projected to quadruple by 2030, sustainability and government investments are becoming major talking points as well. Companies are looking to transform various aspects of the manufacturing process.
In this article, Fredrik Almhöjd recommends three actions commercial vehicle manufacturers can take now to start overcoming customer resistance to e-mobility, with an emphasis on charging and connected services. 2030 is the deadline for all these requirements but there are also interim targets. Other truck OEMs have similar ambitions.
As well as the reduced access to gas, Greece and the Netherlands both generated more solar power than gas power for the first time, and Greece is expected to achieve its 2030 target for solar power at the end of this year. Overall the total, twenty EU countries exceeded the goals for solar capacity.
More than 110 countries at the United Nations’ COP28 climate change conference agreed to triple that capacity by 2030, and global investment in clean energy transition hit a record high of USD 1.8 In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. trillion in 2023.
billion dollars by 2030. Value levers and potential enhancements to business growth Supplier collaboration: Buyers will be able to collaborate more closely with suppliers during the manufacturing phase of the final product. This is because the Metaverse will enable further product adjustments and optimizations before manufacture.
The Quantum Computing-as-a-Service market (QCaaS) is expected to touch USD 7-8 Bn by 2030 with a CAGR of 32-34% – these numbers serve to underline the rate at which the technology is rapidly gaining popularity.
trillion to the global economy in 2030, more than the current output of China and India combined.” ” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 trillion in value. .”
In this article, you’ll find some answers from Fredrik Almhöjd , Director – Automotive and Manufacturing at Capgemini and the company’s go-to-market lead for commercial vehicles in the Nordics, and automotive sustainability specialist Sven Lierzer , Senior Manager, e-Mobility & Commercial Vehicles.
For the first time, we see a convergence of distinct technologies (5G, distributed cloud / edge computing and AI) that enables a whole new experience for warehouses, smart cities, smart farms, enterprises, manufactures, healthcare providers, government, and society in general. from 2022 to 2030 to reach USD 41.02 billion by 2030.
Regardless, given the wide range of predictions for AGI’s arrival, anywhere from 2030 to 2050 and beyond, it’s crucial to manage expectations and begin by using the value of current AI applications. Manufacturing and supply chain management AGI might revolutionize manufacturing by optimizing every step of the process.
Meet our expert Michael Davis Rail Industry Solutions Lead, North America, Capgemini Engineering Michael Davis leads Capgemini Engineerings North America railroad sector, where he is responsible for the development of solution offerings for rail operators and manufacturers. He is also a leader in Capgeminis Global Rail Center of Excellence.
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