Process and Control Today | SHIFT TO GLOCALISATION VITAL TO ORGANISATIONS SUCCESS IN 2021 pandct.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pandct.com Daily Mail and Mail on Sunday newspapers.
Shift to Glocalisation vital for firms says study
DUBAI, January 26, 2021 Industrial companies must regionalise their footprint, increase use of robotics for manufacturing and logistics, and change the cost model for production and sourcing in the new normal, says a study. The Global Manufacturing and Industrialisation Summit (GMIS) and leading professional services firm, PwC, today launched a new report outlining the 2021 key global trends that will enable manufacturers to succeed at glocalisation. The report, titled ‘The journey from globalisation to glocalisation, how Covid-19 has accelerated the shift to more local and flexible operations’ states that amid these emerging themes, Covid-19 has ensured that the case for moving from global to ‘glocal’ operations has gained significant momentum.
Shift to ‘glocalization’ vital to organizations’ success in 2021 January 26, 2021
Anil Khurana
ABU DHABI/BOSTON The Global Manufacturing and Industrialisation Summit (GMIS), and leading professional services firm, PwC, Tuesday launched a new report outlining the 2021 key global trends that will enable manufacturers to succeed at glocalization. The report, titled ‘The journey from globalization to glocalization, how COVID-19 has accelerated the shift to more local and flexible operations’ highlights that companies must regionalize their footprint, increase the use of robotics for manufacturing and logistics, and change the cost model for production and sourcing.
The report states that amid these emerging themes, COVID-19 has ensured that the case for moving from global to ‘glocal’ operations has gained significant momentum. The opportunities and related risks of glocalization vary in importance between regions and sec