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Reshoring is the strategy of bringing the above-referred activities back to the mother country. The reason could be increasing wages or operational convenience, or to strengthen the motherland's economy through balancing the trade and budget deficits or solving the unemployment problem. Import substitution is also another strategyin this direction. The recent outbreak of COVID-19 has led to an interruption in the supply chain of many global organizations. This has prompted them to have a rethinking on sourcing and shoring strategies. COVID-19 like situations is expected to increase the significance of reshoring strategy in the coming decades. Reshoring and Nearsourcingare expected to be the foremoststrategies in coming decades. Emphasison B2Cover B2B B2C model (Business-to-Consumer) has several advantages over B2B model 268 Paradigm Shift in Business, Economy and Society in New Millennium (Business-to-Business) like bettersales return based on MRP, faster market reach, better brand control, better price control, accurate customer data, stronger customer relationship which all will lead to an improvement in performance. In recent years, several organizations have chosenB2C strategy and this trend is likely to continue in the coming decadestoo. Another necessity of the B2C model is that customers may expect or demand something differentfrom standard products. The organization has to be equipped for the same in the coming decades for gettingbusiness. It would be possible with capabilitieslike 3D printing, loT, and machine learning. TotalQuality Management(TQM) TQM is a management system wherein all functions, sections, employees are dutybound to work together toward the organization's stated goals. TQM has become an essential system during Industry 4.0 and would continue to be the vital stimulatorfor businessexcellence in the comingdecades. Online meetings ande conferences Online meetings are virtual meetings organized through loT. The specific quality of online meetings is that there isno onefixed location for themeeting, participants can participatefrom wherethey are, Other advantages of holding online meetings and e conferences are (1) Elimination of huge expenditure for organizing the conferences/meetings. (2) No expenses towards TA/DA for the participants. (3) Elimination of wastage of time for everyone. (4) No restrictionabout thenumber of participants. (5) Increased attendance. (6) Recorded meetings can be viewed later facility without causing disturbance toother participants. Human Resources Development Availability of skilled workforceand digital talent, manufacturing engineers, and operational management expertswill bea challenge in the future (Mattet al., 2020). Manufacturing Industries themselveswill havetomarket thesector as a viable and promising career one. Continuous skill and knowledge development of the existing workforce will also be of equal importance matching with technological changesand continuousinnovation. Added above, aging workers are subjected to progressive physical and mental strain, together with the necessity of knowledge enhancement and experience acquisition. Designers who have been trained for conventional technologies like injection molding will have to be trained for modern technologies like 3D printing. Industries may need persons who can manage new operations, who can control robotics, who can build hardware, software, and firmware; who can design automationand robotics;and whocan adaptand maintain newequipment. Many algorithms will have to be used for analyzing real-time data. This bigdata will call for industrial data analysts having expertise in statistics (Kumar et al., 2015). Workers of tomorrow may differ from traditional workers in their competence and knowledge level. They may have to manage themselves in decision making at the shopfloor level. Employee Safety Manufacturing industries will have to rank the safety of the workplace at the topmost level in the comingdecades since it isconcerned with the most important and valuable resource, workers. It has to emerge as an integral part of the organizational culture, mindset of the management, and technological innovations. Workplace safety has assumed increased significance with the outbreak of the COVID 19 outbreak. Imposing social distancing in production shops, enforcing frequent sanitization by workers, monitoring of movement of different personnel, increased stress on traceability of Men and Materials, etc. Automation of all activities where ever multiple workers are to be engaged in the permanent solution. Another category of employees is thefield service engineers. Their work is made safer by implementing remote monitoring of machine operation and predictivemaintenance techniques. This trend is likely togo up in thecoming decades. FUTURE MANUFACTURING INDUSTRIES: An overview of the expected developments explained above have theirimpact on differentstakeholders of the business which are explained as follows: - Machines and other equipment: Highly automated CNC Machine Tools coupled with industrial robots, sometimes working jointly with workers on specifictasks. - Workers: Their number will getreduced, will be deployed for work which calls for more knowledge, short-term and unplanned tasks, monitoring of automatedequipment, etc. (270) Paradigm Shift in Business, Economy and Saciety in New Millennium - Production Process: AM technologies /3D printing will be the main process. - Organization: Decentralized decision making based on local information by workerswith thesupport of Artificial Intelligence. - Product: Mass production and batch production will accommodate job productionalso. Manufacturing industries in coming decades will be identified with intelligent systems and machines (Cyber-Physical System, CPSs), interconnected and communicating through loT so that the PLANis progressing as per the designed system. The data that comes from operating systems (DO) are collected and processed (Data Mining), permitting actual assessment for the desired values (CHECK). The availability of real-time data about the equipment and processes facilitates timely interventions (ACT) to restore the 'normal' operation of those devices (Nardo etal., 2020)