The pace of global trade will continue to generate manufacturing orders, and demand for manufactured goods is rising. Industrial output in 2018 is projected to increase by 3.8 percent globally.
By 2020, manufacturing’s share of GDP will exceed 20 percent in the top 60 largest global economies. Yet political shifts, rapidly evolving technology and the decline of new talent entering the industry present challenges.
1) Tariff Wars
Manufacturers with a heavy reliance on foreign steel and aluminum will face significant cost increases, which would likely cut into profits and potentially even…
