Summary of Towards a New Production Paradigm

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

Towards a New Production Paradigm summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Importance

6 Innovation

7 Style


Recommendation

In this erudite lecture, engineer Krystyn Van Vliet outlines the challenges facing manufacturing innovation and explains why public-private partnerships are crucial for overcoming those hurdles. getAbstract recommends Van Vliet’s prescriptions to leaders of manufacturing and government interested in collaborating to boost their economies.

In this summary, you will learn

  • How the production paradigm is changing,
  • Why developing advanced manufacturing technologies is a long road wrought with challenges and
  • How public-private partnerships can support the development of new manufacturing technologies.
 

About the Speaker

Krystyn Van Vliet is a professor of materials science and engineering at the Massachusetts Institute of Technology.

 

Summary

The “world of production” is swiftly shifting. Today’s production model entails manufacturing tailored, more “digitally integrated” items quickly and in a more distributed way, which gives rise to several challenges and opportunities. Consider the iPhone. Apple designs the device in Cupertino, California, but manufactures it in Shenzhen, China. This is an outmoded industrial paradigm. Multiple studies show that companies need to be able to experiment, prototype and manufacture in close proximity to their headquarters in order to thrive. Operating amid a “manufacturing innovation ecosystem” that boasts a skilled local workforce lets businesses prototype, “...


More on this topic

Customers who read this summary also read

The Next Manufacturing Revolution Is Here
7
Disrupting Disability
8
The Future of Design
9
What a Scrapyard in Ghana Can Teach Us About Innovation
8
Manufacturing in America
7
Why Chinese Manufacturing Wins
7

Related Channels

Comment on this summary