Will new technology erode appeal of manufacturing in Asia?

By CNBC

Sep 14, 2017

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The competitive edge for Asian economies — many of which depend on low-cost labor and exports for growth — will likely erode as technology changes the way manufacturers operate, Boston Consulting Group said in a new report.

Technologies such as robotics and digital simulation are allowing manufacturers to make customized products in locations closer to their customers in a more cost-effective way, the consulting firm said. That is a shift from the traditional practice of producing standardized products in a handful of giant factories in low-cost countries in order to achieve scale, it explained.

Read the full story at cnbc.com.

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