Future trends in production, innovation and technology management

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Manufacturing companies in high-wage countries face rapidly changing requirements, increased competition from low-cost nations, and an uncertain global environment. Shorter product lifecycles, more variants due to differentiated customer demands, and the need for individualized products contribute to rising product complexity and decreasing delivery times. In this turbulent landscape, the ability to adapt product processes throughout the lifecycle—from initial idea to final disposal—along with generating transparency along the value chain, has become a vital competitive factor. Companies must recognize and respond to new global trends to develop effective strategies that ensure competitiveness and a successful future. Key trends include innovation and technology management, supply chain management, global production, production systems, information management, service management, tool manufacturing, and electric mobility. This book provides a comprehensive overview of these trends, serving as an executive guide for managers in the manufacturing sector to identify necessary changes and implement them effectively. It comprises previously published papers on these subjects, aimed at middle to top management, offering insights into future trends in production and innovation management that are critical for maintaining competitiveness in high-wage countries.