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Manufacturing Technology Insights | Wednesday, November 23, 2022
By ensuring early adoption of game-changing technologies, engagement with international supply chains and green management will benefit from remaining a manufacturing hub.
FREMONT, CA: The future of manufacturing in Europe is anticipated to grow every year. The European Commission detailed how manufacturing is transforming on a global scale, how the industry will further evolve, and what the impact on Europe will be–from redefining tasks for meat packers to potential trade war fallout among nations–stemming from a proposal by the European Parliament, the European Foundation for the Improvement of Living and Working Conditions. There are huge effects on the potential labour market that automation and technological innovations have brought. Thus, technological developments and continued access to global markets create significant dividends for Europe, but only if it manages the dynamic shift.
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Taking the lead in the commercial adoption of emerging technologies will create more jobs and offer Europe a decisive competitive advantage over other world trading blocs. More jobs can also result from Europe’s active engagement in international production networks or global supply chains instead of investing in further efforts at reshoring, which do not boost employment. Moreover, with the implementation of the Paris climate agreement in full, there will be enhanced growth and employment opportunities for the EU. The new job openings are likely to be better, requiring new and higher skills and with a reduction in the difficult work of the past. Only a predicted rise in global tariffs will cause EU job losses in this context.
Today, commercial technological applications are primarily restricted to highly productive firms. They can potentially have a game-changing impact and early adoption, giving Europe a competitive advantage. The realities of global competition make the adoption of productivity imperative by enhancing technologies in manufacturing and participation in international production networks.
However, there are still concerns pertaining to the impact of these new technologies on jobs and employment. Evidence shows that employment growth goes hand in hand with technological progress. The effects will be positive, with more productivity gains reaching consumers and workers.
The daily work tasks in the manufacturing sector are changing every day. The significance of physical activities is diminishing due to the greater adoption of automation. With more intensive use of digitally controlled equipment and the growing importance of quality standards, the workforce in industrial areas is likely to conduct increasingly intellectual tasks.
However, ensuring that workers are adequately prepared for the labour market and economic changes is fundamental to the progress of the manufacturing industry and Europe’s broader economic success. To achieve industry 4.0 as an economic, social, and employment success, future employees should receive the most appropriate and relevant training, including vocational education and apprenticeship.
As consumer growth accelerates radically, the future of manufacturing is highly dependent upon globally competitive European manufacturing with access to these markets. Therefore, the implications of a tariff war should be carefully considered, as embracing economic and industrial change rather than focusing on insulating Europe from it will eventually benefit manufacturing and create more jobs.
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