Shift to ‘glocalization’ vital to organizations’ success in 2021 January 26, 2021 Anil Khurana ABU DHABI/BOSTON — The Global Manufacturing and Industrialisation Summit (GMIS), and leading professional services firm, PwC, Tuesday launched a new report outlining the 2021 key global trends that will enable manufacturers to succeed at glocalization. The report, titled ‘The journey from globalization to glocalization, how COVID-19 has accelerated the shift to more local and flexible operations’ highlights that companies must regionalize their footprint, increase the use of robotics for manufacturing and logistics, and change the cost model for production and sourcing. The report states that amid these emerging themes, COVID-19 has ensured that the case for moving from global to ‘glocal’ operations has gained significant momentum. The opportunities and related risks of glocalization vary in importance between regions and sectors. With a focus on the Middle East, Germany, India, the United States, Greater China, and the United Kingdom, the report reflects various global perspectives where the pandemic has accelerated efforts by industrial companies to make inflexible global footprints more agile and responsive to demand.