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The 2008 CIM Symposium will focus on the globalization of manufacturing value chains. It will highlight novel approaches currently being used by industry leaders, both in established firms and in those in emerging economies.
The Symposium will also present the latest international trends in globalisation, manufacturing and innovation, derived from the Institute for Manufacturing's input to the recent Sainsbury Review on Science and Innovation.
Leading international academics and practitioners drawn from the Centre for International Manufacturing’s expanding network of collaborators will offer a global perspective on evolving value chain models.
The changing manufacturing landscape
Significant developments, in recent years, in the management of global supply chains and production networks, mean we must re-examine our understanding of international manufacturing. Operational models are now less formulaic with a variety of approaches evolving to suit different business models. Globally dispersed product innovation networks have also emerged to support international markets. Non-core operations are increasingly outsourced with growing opportunities to access specialist resources in different countries. These changes have redefined the value chain of many industries with value creation and capture dispersed around the world.
Global competition drives change
The intensification of global competition raises considerable challenges for both strategy and operations in manufacturing businesses. Pressure to reduce costs and increase responsiveness is forcing a reexamination of 'legacy' manufacturing and supply networks, whether developed in an earlier competitive environment or acquired as a result of cross-border mergers and acquisitions.
The Symposium will also present the latest international trends in globalisation, manufacturing and innovation, derived from the Institute for Manufacturing's Emerging economies offer potential new markets and opportunities to reduce costs, but they are also the source of new competitors. Patterns of international outsourcing and collaboration are evolving, changing the shape of entire industries.
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