The field of industry for plenty people, who are asked about it, has pretty negative connotations. It is connected with the fact that we refer this term in majority of cases to the emission of greenhouse gases, which are quite harmful for the environment as well as are produced by almost each factory. In other spheres there are also a lot of wastes produced, which is very harmful for the state of our planet.
However, in the reality we need to also be aware of the fact that for instance this topic is responsible for plenty positive facts, such as setting up new buildings, development of the technology etc. This proves that despite the fact that the services are becoming improvingly meaningful in more and more countries, we are recommended to also not forget the role of the above mentioned area is really fundamental. Thus, a lot of experts in the area of economy alarm that European crisis in this topic is likely to have substantially worse outcomes than we think (if we even do this).
This European crisis in the above presented sector refers to the fact that on our continent growing number of factories are either closed or the number of people employed in them is substantially reduced. It is proved by the fact that, firstly, in terms of industry there is a considerable competition from young economies, which have one common advantage for investors – very low labor costs, which are related to high labor supply.
As a result, hiring European employees for them is no longer attractive from financial point of view, which implies that the trend in the future is far likely to be related to picking countries such as China, India, Brazil or Russia.
To conclude, the progress in the sphere of industry reflect the present economical situation on our planet and the most important trends connected with it. The trend is likely to be connected from changing the supply more to the East (from Europe), but still our continent is likely to play a crucial role regards improving the technology.