During Brazil’s worst recession on record, no economic sector lost more than industry. For 14 months in a row, Brazilian industry posted negative results. As a result, industry started to account for a smaller share of the GDP – even in a scenario of economic retraction. Rock bottom came at the beginning of 2016, when Brazil’s industrial production was almost 18 percent smaller than in January 2014. The picture is a bit better now – but the truth is that Brazil’s industry is at a crossroads.
While the sector has posted timidly better outputs, it shows other signs of stagnation. The productivity index has sharply fallen between 2006 and 2016 – 7 points. This led to Brazil’s manufacturing sector dropping from the world’s 5th most competitive in 2010 to 69th place in 2016.
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Other finalists include the Harvard Business Review, Fortune, Condé Nast, and the NFL