United Kingdom: A Legacy of Industrial Strength
The United Kingdom, with an output close to $280 billion, has a long industrial heritage that continues to evolve. The automobile industry, with Jaguar, Mini and Aston Martin, displays the UK’s performance and design capabilities. Pharmaceuticals are another stronghold with firms such as AstraZeneca and GSK contributing to the global health care.
"The UK needs to continue working on improving the investment environment to attract investment," Pascal Soriot, CEO, AstraZeneca.
The chemical, defense, and food and beverage industries, including Scotch whisky, continue to add additional industrial capabilities in the UK. Regardless of Brexit, the UK still has relevance in the manufacturing arena on a global scale.
Conclusion
Global manufacturing is not defined by a region anymore, but rather by a network of countries that have strengths in different areas. There are distinct advantages of the industrial economy from the unrivaled scale of China, the innovation of the U.S., the precision of Japan, the engineering capabilities of Germany, the growing potential of India, all combining the aspects of sustainability, digitalization and supply chain resilience. These powerhouses will evolve, adapt and collaborate among one another in the future of global manufacturing.