Autonomous vehicles. Smart phones. Lifesaving medicines. All are made possible by the innovation of manufacturers. Technology is transforming the manufacturing industry, and the manufacturing industry is transforming our world.
Manufacturers in the United States perform more than three-quarters of all private-sector research and development (R&D) in the nation, driving more innovation than any other sector, changing our society and helping Americans live better lives. But our continued progress is not guaranteed. We need our leaders to embrace policies that encourage innovation—not stand in its way—because a country that can’t invent can’t lead.
- Enable a regulatory and legislative climate that creates the conditions for discovering the next great life-changing inventions.
- Secure those inventions by protecting the intellectual property rights of manufacturers.
- Partner with the industry in the area of cybersecurity but not through the creation of a new and unnecessary regulatory regime.
- Encourage the growth of connected technology when they consider updating our telecommunications laws.
The technologies embraced by manufacturers in the 21st century are improving business models, transforming customer relationships and re-inventing the world. Policymakers in Washington now must decide whether they will accelerate, or stand in the way, of a new economy that innovates and works better for everyone.
This blog is part of the NAM’s “12 Days of Transition” series, an effort to provide the presidential transition team and other Washington policymakers with a roadmap to bolster manufacturing in the United States. Read the other blogs in the series here.