Quick reads

As a team actively involved in international licensing and commercialization projects, we have witnessed China consistently gaining stronger positions and surpassing its main competitors and former leaders – India and USA.

This year’s analytical reports demonstrated China surge to the top of the rankings for growth potential, overtaking both India and USA. China also displayed the biggest growth in percentage terms, increasing 12-15% from 2018. This likely reflects the real effort to increase standards throughout the supply chain, which have been recognized by executives, generating an increasingly prominent international business reputation. There is no unified expert opinion on how consistent this tendency will remain. We believe that in light of recent global events the shift has became more obvious. This will trigger a response from a number of governments, with the Trump administration first to react.

Another key takeaway was that the manufacturing sector is being heavily disrupted by technology. The key drivers of this are: the astonishing rise in data volumes, computational power and connectivity, low-power wide-area networks, the emergence of analytics and business intelligence capabilities, new forms of human-machine interaction such as augmented reality systems, and improvements in transferring digital instructions to the physical world, such as advanced robotics and 3-D printing.

 

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