Probably Not What You Thought

By February 15, 2006Taking It for Granted

Blog-Icon-MI.jpgThe Manufacturing Institute is readying our next report for release at NAM offices on February 23. Taking a close look at the role of small and medium manufacturers in the economy, it will be a definitive paper on this segment of manufacturing. The report is full of facts as well as real world experiences from a cross section of successful SMMs, as we affectionately call them.

Here are a few facts from the report: the United States is the world’s leading manufacturer, producing 75 percent of what it consumes. US manufacturers produce more today than at any time in U.S. history and SMMs make 40 percent of it. And get this–standing alone, the US manufacturing sector would represent the eighth largest economy in the world, nearly equal to China’s entire economy. If this surprises you, let us know what country you thought was the top manufacturer.