Capital Project Management, Volume III

CHAPTER 5

2018: One “Hell” of a Purgatory

Introduction

Presciently, an article appearing a few years earlier had set the stage for 2018:

(Byrnes September 16, 2014)

… First, manufacturing no longer derives its importance primarily from employing large numbers of people ... automated machines and robots execute much of it.

Second, the idea … that innovation can happen in one place (say, Silicon Valley) while manufacturing happens in another (such as China) is not broadly sustainable …

Manufacturing will make its most essential economic contribution as an incubator of innovation: the place where new ideas become new products.

In the traditional model, discoveries in science lead to technology, and then technology, lead to new product ideas, ...