The world of production can be defined as the full chain of activities to source, make, deliver, consume, and reintegrate products and services, from the origination of inputs, product design, manufacturing, and distribution to consumer use and return or reuse. The technologies associated with the fourth industrial revolution, such as artificial intelligence, the Internet of Things, advanced robotics, 3D printing, wearables, etc. will transform manufacturing and production systems with unprecedented speed and scope, impacting business models, economic growth, employment, and sustainability. Industrial players across the production value chain, as well as policymakers, regulators, civil society, and expert communities, must work together to build truly innovative and sustainable production systems that benefit everyone. Shaping the Future of Production in Russia is an initiative that will bring together national public and private stakeholders to collaboratively address existing challenges and identify new opportunities for Russias future industrial development. At the core of the discussion will be the question: how can the transformation of production systems, from R&D to the consumer, drive innovation, sustainability, and employment in Russia?
This report by the Credit Suisse Research Institute describes main concerns associated with measuring economic welfare based on gross domestic product figures and proposes other indicators as an alternative to GDP.
Autonomous cars are already driving on our streets. Various forecasts suggest that by 2025, they will make up 20% of the worlds vehicle fleet, a figure which is certainly to be reckoned with.
Capturing value from vehicle data will require players in the automotive ecosystem to approach the issue strategically and to overcome the three main challenges that executives identified in McKinsey proprietary survey and industry roundtables.