, improving capacity utilization in industry and making supply chains more resilient. AI is also powering human-machine collaboration systems that make factories smarter.
3D printing and digital manufacturing allow companies to build new products with less waste , while spurring advances in new materials science and in generative design. Digital-industrial innovations are ramping up and scaling just as the need for a productivity boost has become painfully evidentOver the last year and a half inflation has surged, putting and end to the illusion that countries could just buy prosperity through more government spending financed by central banks printing money.
The only way forward is through faster productivity growth; and the only way to accelerate productivity growth is through technology and process innovation in the sectors that power economic growth. We need faster productivity on factory floors, to allow for a stronger economic expansion as well as to sustain employment and reverse the current erosion in real wages. We need to make supply chains more efficient and resilient to lower costs and cushion the impact of future shocks.
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