As the low - wage labour pool dwindles and globalisation becomes less cost - effective and sustainable , companies must adapt to localisation and automated microfactories , writes Amar Hanspal , founder of Bright Machines . He said creating smaller , more flexible manufacturing facilities would help meet demand for personalised goods , which increased from 17 % to 25 % between 2015 and 2018 , according to a report by YouGov . Hanspal also predicted the localised manufacturing model would lead to a " new wave of innovation across industries " in a decade , and said innovation had " run its course " .
As the low-cost labour pool dwindles and globalisation becomes less cost-effective and sustainable, companies must turn to localisation and automated microfactories, writes Amar Hanspal, CEO of Bright Machines. He said creating smaller, more flexible manufacturing facilities would help meet demand for personalised goods, which increased from 17% to 26% between 2015 and 2018, according to a report by YouGov. Hanspal also predicted the localised manufacturing model would lead to a "new wave of innovation across industries" in a decade, and said globalism had "run its course".