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This transformation requires new competitive manufacturing systems.
"Steel forms a vital part of a productive and competitive manufacturing sector.
Energy-efficient machine tools are becoming a more and more important factor for competitive manufacturing processes.
Today the production function is seldom the place to find managers who can design competitive manufacturing structures.
Moreover, some of the world's biggest car parts companies have endorsed the target as part of an effort to make Europe a more competitive manufacturing hub.
Even if that were the whole story, the region would still need to develop competitive manufacturing or services to cope with demographic change.
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The Lightweight Innovations for Tomorrow (LIFT and The Institute for Advanced Composites Manufacturing Innovation IACMIMI) are not only beginning to run pre-competitive manufacturing projects, but they also have the opportunity to be learning laboratories to teach the most recent manufacturing technology to the next gen labor force.
"The U.S. had become the second-most-competitive manufacturing location among the 25 largest manufacturing exporters worldwide.
With today's highly competitive global manufacturing marketplace, the pressure for right-first-time manufacture has never been so high.
And you might therefore argue that we can avoid secular stagnation by letting low interest rates lead to a debased dollar (hi, Congressman Ryan!), more competitive U.S. manufacturing, and balanced trade.
"Even though the U.S. is more competitive globally, manufacturing doesn't give you the kind of direct job creation it did in years past," said Joseph G. Carson, director of global economic research at AllianceBernstein, a Wall Street investment firm.
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