This Industry Week article outlines five trends that will change the manufacturing industry, globally, in 2015. Changes to supply chain dynamics, consumer expectations, time-to-market, global competition, internet and mobile interaction mean that manufacturers need to accelerate their production cycles, selling products faster and at more competitive rates. The trends we should expect include use of social media, innovation, internet, capital investment, and “next shoring”, which is the development of products close to the location in which they will be sold.
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