Source: „Countries like Germany, facing worsening demographics, are embracing smart manufacturing. Here are three ways the US can help its manufacturers do the same.
Here are some cold, hard demographic facts. The population of some manufacturing powerhouses is projected to shrink between 2010 and 2050 -- Japan (-15%), Germany (-13%), and Italy (-1%), for example. Other countries' populations will increase only marginally, such as China (+2%) and Korea (+5%). At the same time, these countries will be crunched by their worsening "dependency ratio." The share of the population, such as retirees and dependents, relying on those at work will dramatically increase in the years ahead, the Pew Research Center reports.
How does this connect to the Internet of Things and related smart manufacturing tactics?”