Success
Certain areas will be the primary drivers for economic growth and prosperity during the remainder of this decade and throughout the 2030’s. These areas include localization, automation, and digitalization. Every company, large or small, will benefit from implementing strategies and plans that are consistent with these modern drivers in the emerging techno-industrial era.
Localization
Localization is a great way to improve efficiencies and avoid disruptions. The benefits of localization include:
- Reducing distance or friction between companies, suppliers, and customers
- Optimizing global and local supply chain and transportation efficiencies
- Stabilizing the effects of price fluctuations
- Creating economic benefits and new jobs in communities
Automation
- Workforce challenges emerged during the COVID-19 pandemic, and have been persistent, creating new opportunities for automation
- Technology is available today using AI/ML, cobots, robots and other technology and tools to automate many laborious and dangerous jobs, while creating new, well-paying technology jobs to support automation technology
- Millions of technology jobs are needed to support and maintain automation and many of these jobs do not require college degrees. Certificate-based training for these jobs can be accomplished relatively quickly
Digitalization
- One of the greatest and most beneficial transformations has been the shift from analog to digital technologies
- Digitalization makes it possible to do many things faster, less expensively, and more accurately
- The World Bank estimates that digital growth is 15.5% of global GDP and future digitalization growth in North America will be 2.5 times the average GDP growth rate over the past 10 years
- In order to be competitive and grow, all companies will need to adopt digital technologies and strategies
Contact Info
Headquarters
10,000 Memorial Drive, Suite 920, Houston, Texas 77024
Phone
(713) 489-8811
info@closeshoring.com