DUBLIN, April 16, 2020 /PRNewswire/ — The “Impact of COVID-19 on Global Manufacturing Industry” report has been added to ResearchAndMarkets.com’s offering.
The manufacturing sector is a major part of the economy as it accounts for nearly 16% of the global GDP in 2018. As a result, the government across the countries primarily focuses on encouraging the manufacturing sector. Certain initiatives in emerging economies to promote the manufacturing sector include Make in India and Made in China (MIC) 2025. MIC 2025 is the first stage of a larger three-step strategy to transform China into a leading manufacturing power. The initiative seeks to move China up the manufacturing value chain by utilizing innovative manufacturing technologies or smart manufacturing. Read more