What's Trending in Manufacturing
Making It in America: Revitalizing U.S. Manufacturing
By John Killam, President and CEO, MassMEP
As stated in the McKinsey Global Institute Report, "Making It in America: Revitalizing U.S. Manufacturing," many Americans long for a return to the glory days of the 1960s and '70s when manufacturing jobs were the bedrock of the middle class and the United States led the world in industrial output. Viewed another way, a sector that has suffered a decline over two decades still generated $2.2 trillion in nominal value-add in 2015 – a figure larger than the entire GDP of Italy, Brazil, Canada, South Korea, or Russia.
U.S. manufacturing is not what it was a generation ago, but the decade ahead will reshape global manufacturing as demand grows, technology unlocks productivity gains, and companies find opportunities in new parts of the value chain.
Learn more from the McKinsey report, as well as from becoming involved in your local economy. Contact MassMEP to learn more about how to become involved or learn about the new technologies at the Manufacturing USA Institutes. Call us at 508-831-7020 or use the convenient form online and we'll respond within 24 hours.
You can find out more about the state of the manufacturing economy in Massachusetts in, "State's Manufacturing Past is Part of the Future."