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Benchmark Study of International Production Locations 2021
Choosing the right production location is something that has always been essential for any company. For companies in manufacturing, this applies to an extraordinary degree. The influences are constantly changing – in some cases within just a few months – and that means that timeless, universal recommendations are impossible.
The “Benchmark Study of International Production Locations 2021” compares data on 15 countries in Asia, North and South America as well as Central and Western Europe, establishing carefully considered rankings that offer companies an initial, reliable point of orientation. A new evaluation perspective has been added since earlier editions. Named “best-cost countries”, it focuses on the production costs, infrastructure, and legal and political dependability of a location. It is also equally important that financial stability and sustainability are factored in as additional evaluation criteria.
The choice of production location is crucial for every manufacturing company in order to be competitive in the future.
What is happening right now around the world, and what effect do these developments have on the choice of production locations? To provide you with a basis for decision-making when selecting an international location, the Ingenics team has been analyzing the competitiveness of selected production countries every two years since 2015.
The current study from 2019 shows that Germany has lost points in almost every category examined, which has also caused it to surrender top position in the ranking. The US has moved up to first place. The United States is working hard to promote digital technology in the country, as reflected in a high score for the area of digitization and innovation. Germany, meanwhile, is falling behind in this category.
Although Great Britain is currently third in the ranking, the negative effects of a looming Brexit can be seen in all categories. In particular, the country’s industrial strength has declined, economic growth is weakening, and some companies and suppliers are planning to relocate their factories to mainland Europe.
Here you can find digital editions of previous benchmark studies as well as other studies by Ingenics.
Study 2017 "Benchmark Study of International Production Locations"
Market competitiveness of attractive production locations
Study 2016 "Where Is the Revolution in Work Organization Today?"
Survey results from production managers in German companies
Study 2015 "Benchmark of International Production Locations"
Growth through global production networks!