Beyond Cost 2024

2A proactive approach to balancing readiness factors Seven readiness factors can make a country a favourable destination for next-generation manufacturing in the next 10 years. The survey conducted by the World Economic Forum and Kearney has identified seven production readiness factors that undergird a country’s ability to attract manufacturing and supply chain investment in the next 10 years (see Figure 4). This section provides an overview of the factors and how they have been integrated by the public and private sector. Using the indices that underpin each readiness factor (see Appendix 1) and a consistent methodology (see Appendix 2), it also highlights the top 3 countries based on current readiness, while not taking recent investments or time lags into account. Readiness factors FIGURE 4 – Sustainability and net zero – Social responsibility – Governance – Trade policies – International relations – Political developments – Tax policies – Regulatory environment – Capital availability– Physical infrastructure – Intelligent infrastructure – Natural resources – Energy mix – Innovation ecosystem – Technology adoption – Intellectual property – Skill levels – Labour flexibility and retention – Workforce costs and availability Readiness factorsEnvironmental, social Geopolitical regulatory and skillsResourcesInfrastructure Technologyand governance landscape Fiscal and Labourand energy Source: World Economic Forum in collaboration with Kearney. Beyond Cost: Country Readiness for the Future of Manufacturing and Supply Chains 9