Quick Summary
• The need to meet demand for high-mix, low-volume (HMLV) production is one of the dominant catalysts driving new manufacturing investment. One explanation for this lies in a rare dual transformation...
Additional Context
The need to meet demand for high-mix, low-volume (HMLV) production is one of the dominant catalysts driving new manufacturing investment. One explanation for this lies in a rare dual transformation taking hold in global supply chains: typically, the manufacturing sector alternates between cycles in which it’s mostly focused on adapting to changes in product technology and cycles in which it’s mostly focused on adapting to changes in process technology.
The relatively infrequent phases commonly referred to as ‘Industrial Revolutions’, however, are defined by cycles where both product and process technologies shift, in more or less equal measure, simultaneously. In the context of this historical trend’s current manifestation, the growing demand for HMLV capabilities is a primary reason for