The world economy has not fully recovered from the Global Financial Crisis of 2007-2008 and recently it fell into “New Mediocre”, as described by Christian Lagarde, Managing Director of IMF. The fundamental reason is that there is no breakthrough of productivity compared to the ones inspired by technological evolution during the age of industrial revolution. However, the new generation of information and communication technology integrated with manufacturing has lead to another round of technological revolution and industrial transformation. It also exerts tremendous impacts on rapid development of world industrial technology and profound adjustment of division of labor. Will we encounter the Fourth Industrial Revolution worldwide? Who will miss this historic opportunity?
“New Mediocre” has proved again that we cannot achieve strong, sustainable, balanced and growth solely based on fiscal, monetary policy or services. The primary cause of world’s economical growth will be strong and modernized industrial system.
Rest on modernized mass production, the economic globalization is frequently interfered by “De-globalization” and “Populism”; nevertheless, the process of globalization is irreversible. The continuity of economic globalization relies on the new industry revolution.
Global Network, Big Data, Cloud Computing, Intelligent Logistics, Artificial Intelligence, all of them have helped creating new technical foundation for rejuvenating manufacturing and industrial ecology as well. Meanwhile, there emerges manufacturing intelligence connected by network which is digitized, networked, pollution free, personalized, customized, user experience oriented and value creating. Therefore, eco-friendly, network intelligence, integration, innovation and resource sharing have become the new attributes of global intelligent manufacturing.
Intelligent manufacturing will be the future direction of global manufacturing development. Because it is the pillar of the real economy, the bedrock of high-end employment and people’s livelihood, the main arena of technology and industrial innovation; intelligent manufacturing has become the key to meeting and creating new market demand and value creation from the supply side; also the great engine which powers the global economic growth and civilization progress.
After the global financial crisis, world leading economies including the US, Germany, Japan, France and the UK all started to review their development strategies and develop reindustrialization strategies aimed at rejuvenating manufacturing. After Obama Administration launched “Manufacturing Revitalization” years ago, Trump Administration has called for “Making America great again”, and “the next generation of innovation and production to happen right here in America”. Germany has launched the “Industry 4.0”. France launched the “New Industrial France”. Japan has been pursuing the “Recovery Plan”. India has started its “Made in India Campaign”.
In China, Premier Li Keqiang put forward the grand plan of “Made in China 2025” for the first time in the Government Work Report during China’s Two Sessions on March 5th, 2015. This plan was approved by the State Council of China on the executive meeting on March 25th, 2015.
The world manufacturing revitalization and the prospect of the fourth industrial revolution will lead to profound changes in global value chain and relevant rules. Closer global cooperation, exchanges and governance should a priority on the agenda.
To this end, GASME initiates the World Manufacturing Convention 2018 together with Federation of German Industries (BDI), United Nations Industrial Development Organization (UNIDO), Anhui Provincial Government, China Council for the Promotion of International Trade, and Chinese People’s Association for Friendship with Foreign Countries, as a platform to discuss the transformations, opportunities and challenges of manufacturing and ultimately identify forward-looking thinking and possible solutions for the future development of the world manufacturing.