A graphical look at global manufacturing sectors

To craft manufacturing strategy and policy, it is important to understand how different manufacturing industries work--what drives success, what conditions are needed, where they need to locate. In our new MGI report Manufacturing the Future bit.ly/QpiKHN, we break manufacturing into five major groups. These groups share characteristics such as labor or R&D intensity or need for low-cost transportation or need to locate near particular resources or markets. We call the largest group global innovation for local markets. It includes autos, chemicals, and pharmaceuticals. What these industries have in common includes heavy R&D intensity and a need to locate in or near end-user markets because of the bulk of their products and--in autos and pharmaceuticals, especially--the need to conform to local standards and regulations.

Done