Executive Briefings

Ireland Reasserts Itself in the Manufacturing World

Ireland was one of the fastest-growing European economies (though briefly it was also one of the most expensive), but suffered a major collapse starting in 2008. However, today its costs are rapidly coming back into line and Irish manufacturing companies are again becoming competitive.

Ireland, like much of Europe, realizes that the credit-fueled excesses of the past are now over and a more tangible economic model must emerge. It is very much about countries learning to pay their way in the global marketplace.

The Irish industrial strategy centers on transitioning manufacturing to increasingly complex, high value-add operations that are knowledge, skills and capital intensive. This transformation, in conjunction with foreign direct investment, has been vital for stimulating the economy and fueling a vibrant rebirth of the sector.

As the only European country to show month-to-month growth in its factories, Ireland has established itself as the new focal point of global manufacturing. This insight seems to contrast with conventional perceptions that manufacturing activity is only expanding in emerging markets such as China or recovering economies such as the U.S. and Eastern Europe.

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Keywords: international trade, supply chain management, logistics management, supply chain planning, Irish manufacturing back on its feet

Ireland, like much of Europe, realizes that the credit-fueled excesses of the past are now over and a more tangible economic model must emerge. It is very much about countries learning to pay their way in the global marketplace.

The Irish industrial strategy centers on transitioning manufacturing to increasingly complex, high value-add operations that are knowledge, skills and capital intensive. This transformation, in conjunction with foreign direct investment, has been vital for stimulating the economy and fueling a vibrant rebirth of the sector.

As the only European country to show month-to-month growth in its factories, Ireland has established itself as the new focal point of global manufacturing. This insight seems to contrast with conventional perceptions that manufacturing activity is only expanding in emerging markets such as China or recovering economies such as the U.S. and Eastern Europe.

Read Full Article


Keywords: international trade, supply chain management, logistics management, supply chain planning, Irish manufacturing back on its feet