Why Software Is the Secret Ingredient in America’s Manufacturing Renaissance

The Trends editors forecast the resurgence of American manufacturing back when jobs were still rapidly flowing to China. As predicted, rising foreign wage costs, missing skills in emerging economies, logistical constraints, and the emerging North American energy cost advantage have all played a role. Overlooked in much of this analysis has been the increasingly crucial role played in the value creation process by software—and America's competitive advantage in terms of creating and using this software effectively. Why has the U.S. competitive advantage in soft.....