Industrial journalist, TR Cutler predicted growth opportunities between the United States and Africa in 2021. According to Cutler, in the past, international companies avoided investing in Africa due to reports of corruption, unsafe business environments, and poor government policies. That is changing. Several organizations and government initiatives include strategies eliminating these concerns while reducing poverty and promoting investments. Read the recent issue Manufacturing Tomorrow here.
During this decade consumer spending in Africa will reach $2.5 trillion; more than 20% of this spending will occur in Sub-Saharan Africa, excluding Africa’s largest markets including Nigeria and countries in South Africa and East Africa. The continent is also experiencing mass urbanization which further increases consumer spending.
Manufacturing will be a significant part of creating and promoting safe, reliable, and sustainable economies which attract international investors, create jobs, and reduce global poverty. The U.S. Government has enacted several policies that promote the development and transformation of economies in Africa.
The role of manufacturing in Africa can be measured in many different ways. A significant data metric includes the increasing number of media outlets covering Africa industry and membership in the Manufacturing Media Consortium, now more than 8000 members. Last year more than 200 media contacts throughout Africa have joined the organization which will be holding events in late 2021 and throughout 2022.
Manufacturing Tomorrow is an online trade magazine featuring products, companies, news, articles, and events for the advanced manufacturing, factory automation, and 3D printing industries.
About TR Cutler, Inc.
Thomas R. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler is celebrating the 22-year anniversary of the Manufacturing Media Consortium.
During COVID-19 Cutler is advising manufacturers, industrial leaders, supply chain professionals, and C-level executives how to best navigate Q1 2021 and beyond.
Cutler has authored more than 8,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals. Cutler is the most published freelance industrial journalist worldwide, and more than 4800 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
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Address:3032 S. Oakland Forest Dr. S-2803 Unit 2803
City: Fort Lauderdale
Country: United States