Podcast and transcript from K@W in a realm of advanced automation and robotics.
How the U.S. Can Regain Its Manufacturing Edge
BCG's Justin Rose discusses what the U.S. can do to regain its manufacturing edge.
Manufacturing in the U.S. has often been assumed to be in long-term decline, with the competitive advantage moving to low-cost countries such as Mexico and China. However, with advanced technologies likely to automate as much as 60% of factory tasks, in the future low-cost countries may no longer enjoy a competitive advantage, and the U.S. could well regain lost ground.
Still, the U.S. needs to be more aggressive in developing and adopting robotic technologies, according to Justin Rose, a partner and managing director in the Boston Consulting Group’s Chicago office. “If we want to remain a manufacturing powerhouse, I truly see this as the only choice. And the U.S. needs to lead here. It’s not enough to just let it happen naturally over time,” says Rose.
In a conversation with Knowledge@Wharton, Rose, who leads the operations and digital clients practice for BCG’s industrial clients globally, talks about the future of U.S. manufacturing and other related issues.
An edited transcript of the conversation follows:
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