Colors: Green Color

The Global Manufacturing and Industrialisation Summit (GMIS), and leading professional services firm, PwC, today launched a new report outlining the 2021 key global trends that will enable manufacturers to succeed at glocalisation. The report, titled ‘The journey from globalisation to glocalisation, how COVID-19 has accelerated the shift to more local and flexible operations’ highlights that companies must regionalise their footprint, increase the use of robotics for manufacturing and logistics, and change the cost model for production and sourcing.

2020 was arguably one of the most challenging years in human history. The onset of COVID-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing global investors leverage opportunities offered by its diverse economy, business-friendly environment and low operating costs, among other competitive advantages.

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