Global competitiveness report weforum world economic forum. Council on competitiveness indicates that access to talented workers capable of supporting innovation is the key factor driving global competitiveness at manufacturing companieswell ahead of classic factors typically associated with competitive manufacturing, such as labor, materials, and energy. Discover the 2018 editions rankings, key findings, your economys scorecard, and much more. Executive summary the 2019 edition of the global competitiveness report series, first launched in 1979, features the global competitiveness index 4. May 03, 2020 global manufacturing competitiveness index cci approves combination between bp global investments, reliance bp mobility subsequently, the proposed transaction would involve acquisition of an aggregate 49 per cent of the fully diluted paidup equity share capital and voting rights in and of rbpml by bp global, it added.
Top 10 manufacturing countries in 2020 manufacturing competitiveness, increasingly propelled by advanced technologies, is converging the digital and physical worlds, within and beyond the factory to both customers and suppliers, creating a highly responsive, innovative, and competitive global manufacturing landscape, says craig giffi, a leader in deloitte us. Apr 15, 2018 the global manufacturing competitiveness index gmci study found that nations who invest in exponential manufacturing technologies and innovation ecosystems will emerge more competitive than. This years global competitiveness report is the latest edition of the series launched in 1979 that provides an annual assessment of the drivers of productivity and longterm economic growth. The global competitiveness report gcr is a yearly report published by the world economic forum. Denmark is the 10 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the global competitiveness report published by the world economic forum. As a result, there is no one metric by which a countrys relative competitiveness in the global economy can be judged. Jan 11, 2017 the index shows that mexicos manufacturing cost advantage over the us, china, and other global manufacturing destinations is wide. Key findings of the global competitiveness index 20172018 11. This page provides the latest reported value for thailand. Global ceos rank manufacturing competitiveness source. Global manufacturing competitiveness index deloitte manufacturing. Boston consulting group is an equal opportunity employer. The longterm manufacturing competitiveness of many traditionally lowcost countries is under pressure 140 90 87 120 100 0 80 110 97 99 96 2014 86 manufacturing cost index, 2004 versus 20141 u.
At the outset, it is crucial to distinguish between the talent competitiveness index, issued by insead, and the global competitiveness index, issued by the world economic forum. Manufacturing earnings and exports are stimulating economic prosperity causing nations to increase their focus on developing advanced manufacturing. Jordan competitiveness index 20072019 data 20202022. Nigerias suboptimal creativity, innovation and competitiveness ranking is responsible for many of the socioeconomic maladies that plague the country. Insight report the global competitiveness report 2019. Deloitte touche tohmatsu limited and us council on competitiveness, 2016 global manufacturing competitiveness index. About this presentation this communication contains general information only, and none of deloitte touche tohmatsu limited, its member firms, or their related. Industrial analysis chapter two is divided into two major parts. The global competitiveness report gcr is a yearly report published by the world economic. Global manufacturing competitiveness index rankings. In the year 2019, singapore was ranked first with an overall. The new bcg global manufacturing cost competitiveness index has revealed shifts in relative costs that should drive many companies to rethink decadesold assumptions about sourcing strategies and where to build future production capacity.
The new map increasingly resembles a quiltwork pattern of lowcost economies, highcost economies, and many that fall in between, spanning all regions. Part ii sets out in detail the framework for calculating the oecds measures of competitiveness and. Indonesia is the 50 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the global competitiveness report published by the world economic forum. The competitiveness of the local manufacturing sector in the new economic setting of a more liberal international and domestic environment will be critical to its long term prosperity and growth. It is a set of institutions, policies, and factors that determine the level of productivity of a country, conditions of public institutions and technical. A report from deloittes global manufacturing industry group and the u. Addressing the theme of global talent in the age of artificial intelligence, this seventh edition of gtci explores how the development of artificial intelligence ai is changing the nature of work and forcing a reevaluation of workplace practices, corporate structures and innovation ecosystems. Benchmarking uk competitiveness in the global economy. Key drivers impacting global manufacturing competitiveness. Part i begins by introducing concepts of competitiveness, identifying and seeking to appraise a number of indicators that are commonly employed. Slide 8 md79 new image with textrankings larger and countryregion specific comments decoupled from chart drew rodriguez, michelle, 3252016.
The 2016 global manufacturing competitiveness index gmci study clearly shows the ongoing influence that manufacturing has on driving global economies. Deloitte touche tohmatsu limited and us council on competitiveness, 2016 global manufacturing competitiveness index 4. The global competitiveness report 20172018 weforum world. Global competitiveness index 20172018 rankings ix chapter 1. Bcg has developed a global manufacturing costcompetitiveness index based on comparative cost shifts in manufacturing wages, exchange rates, labor productivity, and energy costs for the worlds 25 leading exporters of manufactured products. Seven years after the beginning of the financial crisis in 2008, its consequences are still being felt around the world. Global manufacturing competitiveness index deloitte. Global manufacturing competitiveness index rankingseconomycrimedemographicsgdp, current prices usdhomicide ratetotal population. Gtci report 2020 global talent in the age of artificial. The global talent competitiveness index 20 7 preface welcome to this first edition of the global talent competitiveness index gtci, which we are proud to bring to you. Deloitte touche tohmatsu limited and us council on competitiveness, 2016 global manufacturing competitiveness index in looking ahead to 2020, the key change is the ascent of the us from the number two spot to number one, with china moving down a notch to number two.
This chapter is from global investment competitiveness report 20172018, doi. The 2016 global manufacturing competitiveness index gmci report is. During the course of the past decade, insead has been involved in developing two major global indices, on global information technology and on innovation. The potential of manufacturing and industrialization in africa. The global sustainable competitiveness index gsci measures competitiveness of countries in an integrated way. How to calculate a global competitiveness index bizfluent. Top 10 manufacturing countries in 2020 industryweek. Manufacturing output usd in billions percent of national output. Manufacturing exports by size, skill and technology from 2000 to 2011 source. An internationally competitive zimbabwean manufacturing sector will create and contribute more towards. Global manufacturing competitiveness 2016 national competitiveness forum washington, d. The global manufacturing competitiveness index gmci study found that nations who invest in exponential manufacturing technologies and innovation ecosystems will emerge more competitive than.
According to the latest report, china remains the most competitive manufacturing nation, but based on the perspectives of global executives, the country will slip. Assessing a countrys competitiveness is a challeng. The africa competitiveness report 2017 is a special project within the framework of the world economic forums global competitiveness and risks team. Thailand competitiveness rank 20072019 data 20202022. Global competitiveness report 2019 world economic forum. Global competitiveness report 20152016 reports world. The global competitiveness report 2019 reveals an average across the 141 economies covered of 61 points. This is being driven by low labor and energy costs. Pdf moving to a new global competitiveness index researchgate. On sector level, competitiveness industrial performance cip and the global manufacturing competitiveness index. This page provides the latest reported value for jordan competitiveness index plus previous releases. The global talent competitiveness index gtci is a firmly established global benchmark for issues related to talent competitiveness and the future of work.
Global manufacturing industry landscape purdue university. These are, in turn, organized into three subindices in line with. The global competitiveness index what is measured what is global competitiveness index gci gci is defined by the world economic forum. This interest follows a number of jsf publications that considered social capital and physical capital. Denmark competitiveness rank 20072019 data 20202022. The most used index is the global competitiveness index, gci, which is calculated by the world economic forum as a basis for its global competitiveness report. The 2019 global talent competitiveness index gtci report reveals that switzerland, singapore and the united states continue to lead the world in talent competitiveness, while countries in asia, latin america and africa are seeing a progressive erosion of their talent base. Insight report the global competitiveness report 20172018. Deloitte powerpoint template top tips for use author. Global competitiveness indexes are used by businesses to decide which countries are more receptive to investment and more likely to provide a good return. This page provides the latest reported value for denmark competitiveness. Manufacturing related activities among global nations are rapidly evolving.
Bcg has developed a global manufacturing cost competitiveness index based on comparative cost shifts in manufacturing wages, exchange rates, labor productivity, and energy costs for the worlds 25 leading exporters of manufactured products. Before that, the macroeconomic ranks were based on jeffrey sachss growth development index and the. Manufacturing earnings and exports are stimulating economic prosperity causing nations to increase their focus on developing advanced manufacturing capabilities by investing in hightech. National culture insights on manufacturing competitiveness. Purpose the purpose of this paper is to explore how the critical relationship between talent management tm and manufacturing competitiveness mc can be better understood through national culture. We see mexico, unlike lowcost destinations in asia, as an asset to us manufacturing competitiveness, because products built in that country tend to contain.
The potential of manufacturing and industrialization in africa trends, opportunities, and strategies landry signe in collaboration with chelsea johnson. With the release of the 2016 global manufacturing competitiveness index gmci, deloitte touche tohmatsu limited deloitte. As per the same source, india would maintain its second rank and continue to dominate the global manufacturing secto r even after five years. Creativity, innovation and competitiveness in nigeria.
The statistic reflects the score on the global competitiveness index of 2018, which shows the competitiveness of countries worldwide. This page provides the latest reported value for indonesia. An investigation of zimbabwes manufacturing sector. Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policymakers to put in place reforms necessary to underpin competitiveness and bring about muchneeded increases in productivity, according to data from the world economic forums global competitiveness report 2017. In other words, manufacturing competitiveness means sustained growth and earnings through building customer loyalty by creating high value products in very dynamic global markets. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity expression, national origin, protected veteran status, or any other characteristic protected under federal, state or local law, where applicable, and those with criminal histories. Thailand is the 40 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the global competitiveness report published by the world economic forum. In addition, the only internationally comparable data available on a number of measures. Years of steady change in wages, productivity, energy costs, currency values, and other factors are quietly but dramatically redrawing the map of global manufacturing cost competitiveness. To identify and compare the shifts in relative costs, we analyzed data in 2004 and 2014. It is a global competitiveness gap that is particularly concerning, given the world economy faces the prospect of a downturn. The global competitiveness report 20172018 iii preface v by richard samans introduction vii at a glance. Since 2004, the global competitiveness report ranks countries based on the global competitiveness index, developed by xavier salaimartin and elsa v.444 622 275 204 648 640 1272 48 156 1534 137 1409 1397 374 1341 185 931 876 164 1523 391 1522 97 384 1198 999 455 646 1488 1308 327 800 1269 1126 1008