The share of manufacturing industry to the gross domestic product in Colombia increased by 0.4 percentage points in 2022. In total, the share amounted to 11.52 percent in 2022. These figures refer to the share of total gross domestic product (GDP) made up by manufacturing output.
Once dominant employer responsible uplifting 20% of economy directly through jobs infusion across automotives, chemicals and equipment production, Colombia manufacturing dynamism got throttled by Asian imports penetration though inheriting strong technical skills availability coupled with preferential access opens renewed resurgence pathways now prioritizing Industry 4.0 levers adoption targeting productivity enhancements including automation integration, sensors leveraging improving real time supply adjustments and even exploring 3D printing metals potential fast tracking prototyping speeds at fraction of costs therein thus. Moreover, quality certifications adherence expanding enables exports readiness while global environment commitments now warrant renewable energy investments feasibility analysis discussions acknowledging sustainability crossroads vital uplifting wider economic aspirations holistically.
However the blueprint for Colombia ahead requires urgent coordination between industrial captains and policy makers addressing focused developments structured around technical skills advancement goals setting, efficient waste processing advisory assimilation and even last mile digitization connectivity adoption roadmaps development appraising 5G potentials guided by productivity research evidence based continuous monitoring mechanisms establishing shared prosperity upholding benchmarks – all underpinning stable and responsible manufacturing competitiveness restoration. Luckily immense renaissance opportunities still exist attracting foreign investments commitments into lithium processing manufacturing harnessing natural resources strengths leveraging clean electrification demands uptakes worldwide.
Well positioned to advise established and emerging economy enterprises balance resilience, competitiveness and environment centric priorities simultaneously, RFC’s industrial consulting provides customized analysis assessing automation integration potentials, clean production practices adoption feasibility studies besides global certifications roadmaps modeling essential for guiding Colombia manufacturing maximizing its true potential while upholding international benchmarks. Our tailored recommendations portfolio offers know how transfer structuring, renewable energy investments validation advisory, and even policy initiatives like special manufacturing zones advocacy incentivizing venture capital attractions adopting cutting edge innovations suiting local contexts.
