Technologies like 3-D printing, robotics, advanced motion controls and new methods for continuous manufacturing hold great potential for improving how companies design and build products to better serve customers. But if the past is any indicator, many established firms will be slow to adjust because of a formidable obstacle: legacy assets and capabilities that they are reluctant to abandon.
Although gas prices are temporarily low at the pump, long-term energy costs are on the rise. According to State of the World 2015 contributing author Nathan John Hagens, a former hedge fund manager who teaches human macro-ecology at the University of Minnesota, nations are papering over those costs with debt. Higher energy costs are leading to continued recessions, excess claims on future natural resources, and more-severe social inequality and poverty.