Dünya Executive - - OVERVIEW -

To be able to de­ter­mine long term in­dus­trial trends we looked at the an­nual av­er­ages. The graph shows the an­nual av­er­age monthly value of the sea­son­ally- and cal­en­dar-ad­justed man­u­fac­tur­ing in­dus­try as a per­cent­age. If the man­u­fac­tur­ing in­dus­try is the heart of pro­duc­tion, in­ter­me­di­ate power goods ex­ports. En­sur­ing com­pet­i­tive ad­van­tage, ex­ports

pro­vide a good rem­edy for coun­tries like Turkey, which has a cur­rent account deficit, bud­get deficit and net short po­si­tion.

Pro­duc­tion of non-durable con­sumer goods is among the hard­est hit. The only rea­son for this is that we have com­pletely lost our global com­pet­i­tive ad­van­tage in this seg­ment. On the other hand, the pro­duc­tion of durable con­sumer goods is pos­i­tive. The in­cen­tives and mass pro­duc­tion ad­van­tage cre­ates a sin­gle pro­duc­tion seg­ment where re­gional giants such as Arce­lik, BSH and Ves­tel can grow both or­gan­i­cally and in­or­gan­i­cally. The same com­pa­nies are at the fore­front in terms of in­dus­try 4.0 prac­tices. When an­a­lyzed ac­cord­ing to pro­duc­tion char­ac­ter­is­tics, low, medium-low and medium-high tal­ent pro­duc­tion all show de­clines. Our only ris­ing pro­duc­tion seg­ment is high qual­ity pro­duc­tion. Al­though re­cent de­clines are a bit frus­trat­ing, Turkey’s po­ten­tial trend here is close to per­fec­tion. In­dus­try will be life-sav­ing for Turkey when a longterm in­dus­trial pol­icy is set, high speed train lines are built and con­nected with ports and Turkey is pri­or­i­tized as a trans­port hub. In­dus­try is the only thing that will solve the gap in in­come dis­tri­bu­tion, pull us out of the pro­ducer-con­sumer price gap in food prod­ucts.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.