Far too often, the conventional wisdom assumes that the future of manufacturing is bleak and a “foregone conclusion.”
In fact, nothing could be further from the truth, and a new analytical study from the McKinsey Global Institute lays out exactly how manufacturers and policymakers can position the U.S. economy in the decade ahead to “boost annual manufacturing value added by up to $530 billion” and create nearly 2 million jobs.
“The decade ahead will reshape global manufacturing as demand grows, technology unlocks productivity gains and companies find growth in new parts of the value chain—all of which creates an opening for U.S. manufacturing to turn things around…
Given the importance of manufacturing to the broader economy, capturing these opportunities should be a national priority. Rather than attempting to re-create the past or preserve the status quo, the United States will need to focus on positioning its manufacturing sector to compete in the future.”
Latest posts by Andrew Clark (see all)
- Wall Street Journal: Tax Reform Is A Victory For Hispanic-Owned Manufacturing Firms - December 12, 2017
- Manufacturers’ Optimism at Record High, But Congress Needs to Act on Tax Reform to Create Jobs - December 11, 2017
- Here’s What Ohio Manufacturers Are Saying About How Tax Reform Will Help Grow the Economy - December 7, 2017