Massachusetts Institute of Technology
Sign in | Create Account

Olivier de Weck on Production in the Innovation Economy research

Olivier de Weck, Associate Professor of Aeronautics and Astronautics and Engineering Systems at MIT, PIE Executive Director

Keynote speaker at MIT LGO conference on "The Future of Manufacturing in the U.S." (May 8, 2012)

In 2011 MIT embarked on a major new study on the current state and future of U.S. Manufacturing and its relationship to innovation. The Production in the Innovation Economy (PIE) project brings together leading MIT faculty from a variety of disciplines—economics, engineering, political science, management, biology, and others—to look at U.S. industry from different perspectives: national, sectoral, and global. The study's overarching goal is to shed light on how America's great strengths in innovation can be scaled up into new productive capabilities.
 
Among key issues the study is examining are the U.S. innovation capacity and production capabilities, including the experience of entrepreneurial firms and how their capacities compare to those emerging in other countries, including high-wage/high-cost economies such as Germany and Japan, as well as emerging economies such as China and India. New paradigms of production that will speed up the passage from laboratory to market, including bringing low-volume but high-value products to market, integrating early stage production with R&D, and deeply integrating services and production.
 
This talk presents some preliminary findings from PIE and focus on examples of successful manufacturing models in the U.S. based on over 120 company interviews to date. These models include the scale-up of entrepreneurial firms, the ability of small-to-midsize firms to customize rapidly and offer unique product-service bundles, the highly efficient automated production of bulk products close to the point of consumption and the ability of U.S. states to attract new foreign-owned manufacturing.
 
The message is a mixed one. U.S. manufacturing is clearly in crisis, but there is hope in the form of new innovations—many emerging from research universities—and the creation of a more favorable business climate for manufacturers.

Comments (0)

You need to log in, in order to post comments. If you don’t have an account yet, sign up now!

LGO

LGO

Category: Education | Updated 7 days ago

Created
May 30, 2012 11:51
Category
Tags
License
All Rights Reserved (What is this?)
Additional Files


Viewed
5371 times

More from LGO

David Simchi-Levi: "Is it Time to Rethink Your Manufacturing Strategy?"

David Simchi-Levi: "Is it Time to R...

Added almost 3 years ago | 00:38:46 | 4493 views

Robert Bradway of Amgen on "Transforming Biotechnology Manufacturing: Adapting Technology to a Changing Environment"

Robert Bradway of Amgen on "Transfo...

Added almost 3 years ago | 00:31:59 | 3710 views

Dan Kress LGO '15: Internship impact at Pfizer

Dan Kress LGO '15: Internship impac...

Added 9 months ago | 00:04:03 | 1100 views

LGO 2016 Application Tips From Students

LGO 2016 Application Tips From Stud...

Added over 1 year ago | 00:06:41 | 1583 views

Julie Shah on interactive robotic assembly: LGO webinar

Julie Shah on interactive robotic a...

Added 1 year ago | 00:58:06 | 1119 views

Benj Christensen, LGO '12, on his Internship at Massachusetts General Hospital

Benj Christensen, LGO '12, on his I...

Added almost 4 years ago | 00:03:27 | 8369 views