Labor productivity is the top factor for becoming competitive in the manufacturing sector, according to a new global survey commissioned by Kronos Incorporated and conducted by IDC Manufacturing Insights.
Following labor productivity, the primary factors are modern infrastructure, government support and foreign direct investment, the survey finds.
Of the factors that can improve work force productivity are training and continuous improvement of the existing work force at 68.2 percent and investment in technology at 63.3 percent.
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