Industry has changed greatly over the past century, and Olivier Scalabre's manufacturing speech recognizing a scary aspect of that change. Worldwide economic growth has been slowly trending towards stagnation over the course of the past fifty years. Not only does a lack of growth mean that people will have a harder time providing their children with a better life than they themselves lead, but societies with zero growth are more likely to experience social tension. As such, discovering new modes of growth is essential.
As Scalabre's investigation shows, growth booms often coincide with massive manufacturing developments. The steam engine in the middle of the 19th century or the Fordist/Taylorist mass production model at the turn of the 20th century both engendered massive economic growth. Now, Scalabre believes that the world economy is again on the brink of a massive manufacturing revolution.
The revolution involves merging major advances in technology (things like the internet and big data analysis via neural network software) to apply that knowledge to the manufacturing sector.
The Next Manufacturing Revolution
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