For substantial percentage of people a term industry mostly has quite negative connotations. It is indicated by the fact that, first and foremost, we generally tend to refer it to factories, which offer a lot of various greenhouse gases that are quite harmful for the environment. It is true, but the goal of this article is rather to discuss other elements connected with the progress of this field.
One very alarming fact refers to the situation of this field of economy on our continent, where more and more factories and other similar places are either closed or the amount of people employed is significantly reduced. The reason why it happens is not referred to the fact that there is no demand for commodities used for instance in the building industry. It rather implies that compared with other countries office (see worth reading
) economies are no longer that interesting for the investors.
The reason why such situations happen is connected, first and foremost, with the fact that such countries like China become more and more popular regards places where more and more funds is spent on is that it provides relatively attractive labor expenses. The reason why they are quite low is referred to the fact that China is a country, with the biggest percentage of citizens on Earth. Thus, industry there has great conditions for improvement. This explains why more and more Chinese companies produce inter alia elements from steel.
In the light of the points mentioned above, Chinese companies are the most likely to remain the most competitive in the future in the field of industry. Nonetheless, also European companies as those that are the most innovative and might guarantee know-how that is inevitable to stay efficient, have important role to play in the future. Consequently, the future of this topic is possible to be really interesting and belongs to the most important fields analyzed by experts from all over the world.