Nigeria Among Top 40 countries in 2016 Global Manufacturing Competitiveness Index

Nigeria is ranked among the top 40 countries in the upcoming 2016 Global Manufacturing Competitiveness Index report from Deloitte Touche Tohmatsu Limited's (Deloitte Global) Global Consumer & Industrial Products Industry group and the US Council on Competitiveness (Council).

Current competitiveness				Competitiveness in five years
Rank	Country	2013 rank		Rank	Country
1	China	1		1	United States
2	United States	3		2	China
3	Germany	2		3	Germany
4	Japan	10		4	Japan
5	South Korea	5		5	India
6	United Kingdom	15		6	South Korea
7	Taiwan	6		7	Mexico
8	Mexico	12		8	United Kingdom
9	Canada	7		9	Taiwan
10	Singapore	9		10	Canada
11	India	4		11	Singapore
12	Switzerland	22		12	Vietnam
13	Sweden	21		13	Malaysia
14	Thailand	11		14	Thailand
15	Poland	14		15	Indonesia
16	Turkey	20		16	Poland
17	Malaysia	13		17	Turkey
18	Vietnam	18		18	Sweden
19	Indonesia	17		19	Switzerland
20	Netherlands	23		20	Czech Republic
21	Australia	16		21	Netherlands
22	France	25		22	Australia
23	Czech Republic	19		23	Brazil
24	Finland	-		24	Finland
25	Spain	33		25	South Africa
26	Belgium	27		26	France
27	South Africa	24		27	Spain
28	Italy	32		28	Romania
29	Brazil	8		29	Belgium
30	United Arab Emirates	30		30	Italy
31	Ireland	37		31	Ireland
32	Russia	28		32	Russia
33	Romania	29		33	United Arab Emirates
34	Saudi Arabia	34		34	Colombia
35	Portugal	35		35	Portugal
36	Colombia	31		36	Saudi Arabia
37	Egypt	36		37	Egypt
38	Nigeria	-		38	Nigeria
39	Argentina	26		39	Argentina
40	Greece	38		40	Greece

In addition to the country ranking, the report preview identified the top drivers of manufacturing competitiveness. Talent was the leading driver, with access to skilled workers widely seen by executives surveyed as the most important factor, followed closely by the cost of wages and materials. Productivity of the workforce rounded out the top three. The availability of a quality local supplier base was a distant fourth. Read more.

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