The report has comes off the back of a two year project run by the Foresight programme in the UK Government Office for Science. It was orchestrated as a long term and strategic look at manufacturing out to 2050, to:
- identify and analyse important drivers of change affecting the UK manufacturing sector
- identify important challenges and opportunities that lie ahead and which require action by government and industry
- advise how government policy needs to be refocused and rebalanced so that it is better positioned to support the growth and resilience of UK manufacturing over coming decades
In so doing, a specific aim is to inform further development of the government’s industrial and sector strategies. One of the more interesting predictions surrounds the new sources of revenue and of value creation for manufacturing business models.
- increasingly extensive packaging of services with products
- new sources of information on how products are used, drawing on embedded sensors and open data
- becoming a ‘factoryless goods producer’, capturing value by selling technological knowledge and leaving production to others
- becoming a ‘remanufacturer’ with end of life products remanufactured and returned to original specifications or better
- targeting ‘collaborative consumption’, where no one customer owns a product outright
- creating value from new forms of (competitive) strategic alliance within and across sectors
- exploiting new technologies more rapidly through greater operational capability coupled to entrepreneurial insight
What are your thoughts on the shape of manufacturing in 2050?
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