Summary of The Next Manufacturing Revolution Is Here

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Since the 1960s, economic growth has waned, and several attempts to resuscitate it have flatlined. Yet industrial consultant Olivier Scalabre is hopeful that the “fourth manufacturing revolution,” driven by technological innovation, can revive manufacturing and rekindle economic growth. getAbstract believes leaders of industry and business will appreciate Scalabre’s succinct, insightful prognosis.

In this summary, you will learn

  • Why economic growth has stalled,
  • What attempts society has made to fix the broken manufacturing model and
  • How the “fourth manufacturing revolution” can rekindle global economic growth.
 

About the Speaker

Olivier Scalabre is a senior partner and managing director at the Boston Consulting Group’s Paris office.

 

Summary

Global economic growth has declined since the 1960s. Without growth, the world’s citizens vie to increase their share of the world’s stagnating wealth, escalating conflicts within and among nations. Since the Industrial Revolution, a radical growth-enhancing shift has occurred every five to six decades. The first was the invention of the steam engine in the mid-1800s. In the early 1900s, the assembly line transformed manufacturing, and the 1970s brought the “first automation wave.” All three modernizations boosted productivity.

Several attempts at reviving economic growth have failed. For example...


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