We are excited to share that Nick Leeder & Co. has contributed to the new report The New Era of Industrial Strategies: Tackling Grand Challenges through Public-Private Collaboration in collaboration with the World Economic Forum, UNIDO and Cambridge Industrial Innovation Policy. The background of the report looks at the impact on industrial strategies as the world is facing significant changes due to emerging technologies, geopolitical tensions, and climate change.
Industrial strategies are becoming increasingly important as tools to address these challenges and promote economic, social, and national security.
Five Grand Challenges in The New Era of Industrial Strategies:
The report identifies five grand challenges that are shaping the future of industrial strategies:
- ♻️ Environmental Sustainability: Achieving net-zero emissions and transitioning to a circular economy.
- 🚚 Supply Chain Resilience: Building adaptable and secure supply chains that can withstand disruptions.
- 👾 Technology Scale-up and Adoption: Accelerating the development and deployment of new technologies.
- 👩🏭 Securing Future Workforce Skills: Equipping workers with the skills needed for the jobs of the future.
- 💎 Linking Social and Business Value: Aligning business goals with social and environmental objectives.
The need for Public-Private Collaboration:
The report also emphasizes the importance of public-private collaboration in tackling these grand challenges. Governments and businesses need to work together to develop and implement effective industrial strategies.
Key Recommendations:
The report makes a number of recommendations for how governments and businesses can collaborate to address the grand challenges:
- 🎯 Develop shared visions and goals: Governments and businesses should work together to develop a shared vision for the future of their industries.
- 🌱 Create enabling environments: Governments can create enabling environments for innovation and investment by providing clear regulations, investing in infrastructure, and supporting research and development.
- 🤝 Foster co-creation and partnerships: Governments and businesses should work together to co-create solutions and develop partnerships to address common challenges.
- 👩🏫 Invest in skills and training: Governments and businesses need to invest in skills and training programs to ensure that workers have the skills they need to thrive in the future economy.
- 📈 Measure and track progress: It is important to measure and track progress towards achieving the goals of industrial strategies.
Conclusion:
The WEF report concludes that industrial strategies have a critical role to play in tackling the grand challenges of the 21st century. By working together, governments and businesses can create a more sustainable, prosperous, and inclusive future.
Checkout and download the report here: https://www.weforum.org/publications/the-new-era-of-industrial-strategies-tackling-grand-challenges-through-public-private-collaboration/
Find out more about Nick Leeder & Co
Nick Leeder & Co is dedicated to empowering businesses in the manufacturing sector. By implementing industry-leading techniques like IGNITEIt! incorporating the Smart Industry Readiness Index, companies can streamline their operations, optimise processes, and deliver high-quality products to the market faster than ever before.
Whether it’s enhancing efficiency, embracing new technologies, or fostering a culture of continuous improvement, Nick Leeder & Co is at the forefront of supporting UK manufacturers in their digital transformation journey. We co-pilot manufacturers through their transformations to successful outcomes and bring decades of front-line experience in delivering changes in complex and global organisations to bear.
So, join the transformation revolution and unlock the true potential of your manufacturing business with Nick Leeder & Co’s transformative solutions and learn more about the power of digital manufacturing in our blog series “Transformation Tuesdays“.
