Reimagining Finland as a manufacturing base: the nearshoring potential of Finland in an industry 4.0 perspective
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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date
2018-07-13
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Language
en
Pages
16
Series
Business Management and Education, Volume 16, pp. 65-80
Abstract
After decades of globalization and outsourcing the idea of "bringing manufacturing back home" and the twin concepts of backshoring and nearshoring have received much attention in recent years. Recent positive stories from the Finnish manufacturing industry suggests Finland as an attractive target for nearshoring, yet little to none has hitherto been made of this connection. This article (i.) examines recent relocation literature with a focus on nearshoring and manufacturing in high-cost environments, (ii.) explores the location advantage of Finland, (iii.) analyses cases of recent manufacturing developments in Finland within this context as single incidents or signals of change, and (iv.) discusses this development within the perspective of Industry 4.0.Description
Keywords
nearshoring, location advantage, manufacturing relocation, high-cost environments, manufacturing 4.0, industry 4.0, industrial strategies, corporate foresight, WEAK SIGNALS, LOCATION, COST, KNOWLEDGE, DECISION, CONTEXT
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Citation
Kaivo-Oja, J, Knudsen, M S & Lauraeus, T 2018, ' Reimagining Finland as a manufacturing base : the nearshoring potential of Finland in an industry 4.0 perspective ', Business Management and Education, vol. 16, pp. 65-80 . https://doi.org/10.3846/bme.2018.2480