Henry Ford wouldn’t be happy. The car magnate’s model of mass production is on the verge of obsolescence. What will take its place? Microfactories.
Microfactories are small manufacturing environments that make small-scale goods. They save space, can be environmentally sustainable because, among other things, they can be hyper-local – parts aren’t being shipped around the world. They flip the conventional concept of economies of scale on its head, because they’re nimble environments that are more able to respond to present demand.