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Report: US expected to lead as the top manufacturing nation by 2020

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Report: US expected to lead as the top manufacturing nation by 2020

The United States is expected to become the most competitive manufacturing nation over the next five years, with the current leader China sliding into second position, according to an upcoming report from professional services firm Deloitte and the US Council on Competitiveness.

The prediction is based on an in-depth analysis of survey responses from more than 500 chief executive officers and senior leaders at manufacturing companies around the world.

"The 2016 Global Manufacturing Competiveness Index shows the importance of policy, investment, and innovation for company and country level competitiveness," says Deborah L. Wince-Smith, president and CEO of the Council. "Its findings help companies shape their business strategies in order to compete successfully, and create jobs." 

"Manufacturing competitiveness, increasingly propelled by advanced technologies, is converging the digital and physical worlds."

The ability of the United States to take the top spot may be largely due to the country's investment in research, technology, and innovation, which enhances the competitiveness of its industries and drives economic development, according to another study published this year by Deloitte and the Council.

"Manufacturing competitiveness, increasingly propelled by advanced technologies, is converging the digital and physical worlds, within and beyond the factory to both customers and suppliers, creating a highly responsive, innovative, and competitive global manufacturing landscape," says Craig Giffi, a leader in Deloitte US Consumer & Industrial Products Industry group and co-author of the report.  

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