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In his opening speech at China's annual National People's Congress in Beijing in March 2015, Premier Li Keqiang highlighted a new strategic plan, called 'Made In China 2025', to reform and reinvigorate Chinese industry over the next ten years around the country's own smart manufacturing initiative

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Some analysts like to talk about the hype cycle for emerging technologies. In the early phases of a new technology's life cycle, expectations can quickly reach a peak of sometimes unjustified excitement which is quickly followed by a trough of disillusionment and a gradual realization of the technology's true potential for productivity.

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We all know the Internet of Things (IoT) will dramatically change the products we manufacture and use, making them smart, connected, and, ultimately, more autonomous. But what impact will the IoT and all of those smart products have on the cultures and organizational structures of the companies that manufacture them?

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Toyota has announced plans to invest $1 billion to build a new manufacturing plant in Central Mexico and to shift production at several of its other North American plants, all part of the automotive giants plans to reengineer its global manufacturing system in order to reduce costs and increase flexibility

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