The impact of globalization and industrialization

Industrialization 4.0 is absolutely impacting international business and the transport of goods. The impact of globalisation and industrialization on the industry is significant.

"Ever since the first industrial revolution, industrialization has impacted international business. In particular, advances in transport and telecommunications have had a huge impact. With increasing trade and communication, more and more companies are extending their reach across land and sea."

The shift to digital in manufacturing is impacting the way companies communicate with each other and increasing competition. "This means that companies must focus on meeting ever-changing consumer demands. Keeping manufacturing and production flexible and incorporating automated technologies can cut production times and allow companies to respond quicker, increasing competitive advantage."

Recommended ReadHow Industry 4.0 impacts globalisationSource: http://www.manufacturingglobal.com

One of the earliest flights between two countries took place on January 7, 1785, when Jean-Pierre Blanchard and John Jeffries crossed the English Channel by hot air balloon. It wasn’t until over a century later that a heavier-than-air object repeated the journey. Here, Jonathan Wilkins, marketing director at obsolete industrial parts supplier EU Automation, discusses how technology has changed how businesses operate internationally. At the start of the 20th century, developments in aviation technology took off and the first airline to operate international flights was launched in 1917. Since then, the ability to travel and transport goods internationally has dramatically altered the way companies do business. Read More