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Davos outlines Slovenia as a prospective production country

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In the light of the ongoing World Economic Forum, a consultancy A.T. Kearney has issued a forecast of the best world economies that will benefit and boost due to the new production realities. Slovenia has turned out to be among the 25 states most prepared for the industrial shift caused by innovative technologies.

The report has outlined “the contestants” into 4 categories: 25 states were considered ready for the upcoming changes and sufficient in production base; other 10 countries have prosperity backed by history of their development but face potential risk if alternations are ignored; 7 more states have thriving potential while the remaining 58 are lagging behind in the production development.

Switzerland, Japan, the UK, Germany, Singapore, the Netherlands, China, South Korea, the USA turned out to be among the production leaders based on multiple criteria. Slovenia performed high in terms of the structure of manufacturing processes and complexity of the economic parameters. It exploits natural resources with the sustainable approach. Moreover, the country is good at transforming know-how into unique goods and services, being competitive in the sphere of innovations.

Nevertheless, Slovenia lags behind in the volume of production, remaining at the bottom of the top 40 list. Other factors that slow down the production prospects of the country are lacking governmental attention to the advanced technologies, modest volume of the venture capital involvement, inability to lure and retain talented scientists.

Careful assessment of the ratings that were revealed in the recent report as well as determined and innovation-oriented leadership in Slovenia can bring the production boost from statistics into life during the fourth industrial revolution.

Source: sloveniatimes.com

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