Tag

Innovation

Protect Maryland’s Innovators, Reject “Transparency” Legislation

By | Shopfloor Policy | No Comments

From automobile and steel production to print and publishing services, Maryland manufacturers and other research-based companies today serve as global innovators. Manufacturers in particular account for more than three-quarters of all private-sector research and development (R&D) in the United States. R&D is critical to both their success and the countless other Maryland enterprises that rely on them. And in an extremely competitive global economy, if a company isn’t innovating, it’s falling behind. Read More

New NAM Analysis Scrutiny Highlights Need for Strong Action to Address Global IP Challenges That Harm Manufacturing in the United States

By | Shopfloor Policy, Trade | No Comments

The National Association of Manufacturers (NAM) yesterday urged the U.S. government to boost its efforts to protect U.S. manufacturing innovation against the threat of intellectual property (IP) theft globally in a detailed submission to the Office of the U.S. Trade Representative (USTR). Innovation and IP remains the foundation for a globally competitive manufacturing sector in the United States. Yet, global infringement of IP, including patents, trade secrets, trademarks and copyrights, hurts the ability of manufacturers in the United States to not only innovate but also to sustain and create well-paying jobs. The NAM looks forward to working closely with the Trump administration on stepped-up and vigorous efforts to combat IP theft and to protect and secure strong enforcement of IP rights both at home and abroad. Read More

Protect Montana’s Innovators, “Transparency” Legislation Is Wrong Approach

By | Shopfloor Policy | No Comments

Montana manufacturers, technology companies and other research-based operations are global innovators. Manufacturers in particular account for more than three-quarters of all private-sector research and development (R&D) in the United States. R&D is critical to the success of the countless Montana enterprises that rely on innovation. And in an extremely competitive global economy, if a company isn’t innovating, it’s falling behind.

This is especially true for biopharmaceutical manufacturers creating new medicines for patients and animals. However, the price of manufacturing a new medicine is extremely costly and risky. On average, it takes a decade to bring a new patient medicine through the entire R&D process and into the marketplace, and only about 12 percent of the medicines that enter the process are actually approved by the Food and Drug Administration. Therefore, it is absolutely critical that manufacturers’ R&D and proprietary information are not compromised.

Unfortunately, “transparency” legislation was recently introduced in Montana that would force biopharmaceutical manufacturers to turn over highly confidential information and proprietary data related to R&D as well as sales and marketing costs. This approach would have damaging effects and would not reduce health care costs. Requiring manufacturers to publicly reveal a breakdown of specific costs and information related to trade secrets would in no way benefit consumers and could impede competition, which would drive up costs.

The time, effort and costs associated with bringing new medicines or products to market must be acknowledged and valued. While this specific bill is targeted at manufacturers of medicine, it sets an alarming precedent for manufacturers across all industries. In short, it’s a slippery slope for all industries once established.  Any legislation that jeopardizes manufacturers’ highly confidential information and deters innovators from innovating is a threat to consumers, manufacturing jobs and the state’s economy.

The manufacturing industry employs more than 18,700 Montanans in high-skilled and high-wage jobs. Policymakers in Montana and at the federal level should work to create policies that help innovators attract and retain investment. The NAM opposes any efforts that would invalidate longstanding intellectual property and trade secrets protections and force manufacturers of medicines to heed new government-driven demands that are contrary to basic free market principles.

Eliminating a Deduction for Advertising Will Not Reduce Health Care Costs

By | General, Health Care, Shopfloor Economics, Shopfloor Policy | No Comments

During the current debate on legislation to repeal Obamacare, the Senate may have the opportunity to vote on a provision—introduced by Sen. Al Franken (D-MN)—that would eliminate the ability of companies to deduct advertising and promotional expenses related to prescription drugs. This is a misguided idea, and we urge senators to reject this proposal. Long recognized as a legitimate and necessary business expense, advertising plays a critical role in the competitiveness of manufacturers and the success of their products. Advertising plays a central role in driving market growth and innovation, which benefits both the manufacturer and the consumer. In doing so, advertising also helps drive prices down by spurring competition. In contrast, disallowing a deduction for direct-to-consumer advertising of prescription drugs increases the costs to pharmaceutical companies by denying a legitimate business expense and also unfairly targets a specific industry for discriminatory tax treatment.

Bipartisan Bill Focused on Growing IoT Introduced Today

By | Innovation, Shopfloor Policy, Technology | No Comments

Sens. Deb Fischer (R-NE), Cory Gardner (R-CO), Cory Booker (D-NJ) and Brian Schatz (D-HI) introduced the NAM-supported Developing Innovation and Growing the Internet of Things (DIGIT) Act today. This legislation creates a strategic partnership between manufacturers and the public sector focused on fostering the growth of the Internet of Things (IoT). The National Association of Manufacturers looks forward to working with both the House and Senate to move this bipartisan bill. Read More

Competing to Win: How to Accelerate Manufacturing Innovation

By | Innovation, Shopfloor Main, Shopfloor Policy, Technology | No Comments

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.

The National Association of Manufacturers (NAM) has laid manufacturers’ technology policy priorities in a new blueprint, as part of our “Competing to Win” agenda:

  • 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.

Manufacturers: Help Wanted!

By | Communications, Shopfloor Main | No Comments

Manufacturing and jobs were central issues in the presidential election, but what many Americans don’t realize is that manufacturers are looking for skilled workers right now. What’s more, we are expected to have many more job openings over the next decade. As many as 2 million jobs could go unfilled if we don’t start equipping people with the high-tech skills that manufacturing demands.

National Association of Manufacturers President and CEO Jay Timmons outlined the stakes and the path forward in a recent Fortune op-ed.

America is failing our youth if we do not equip them with the skills required for innovative manufacturing. Manufacturing careers pay about $15,000 more than the rest of the private sector, and manufacturing can provide job security and upward mobility like no other industry.

This is good news for working families at a time when some have lost faith in the American dream and are questioning our very system of free enterprise. But we should not give up; we should not lose hope. Strategic investment in education and training will carry us toward our goal.

It’s going to take all of us to forge the path forward, and many manufacturing companies are rising to the challenge. Check out this video, the third episode of FutureWork, featuring Dennis Parker, the founder of Toyota’s Advanced Manufacturing Technician Program, as he visits shop floors and explains the importance of, and opportunities available in, manufacturing careers.

 

Discouraging Innovation at State or Federal Levels Is Not the Answer

By | Innovation, intellectual property, Shopfloor Policy | No Comments

For manufacturers and all innovators in the United States, the protection of intellectual property (IP), including trade secrets, helps drive not only success but also a continuous cycle of innovation. As such, the United States has historically upheld a very strong record of protecting IP through both federal and state laws. After all, if the government can’t ensure sufficient protections, all incentive is lost in spending billions of dollars on research and development (R&D) only to have the resulting product stolen or devalued. Read More

Appetite for Disruption

By | Innovation, Shopfloor Main, Shopfloor Policy, Technology | No Comments

Manufacturers are disruptors. We disrupt products and processes. We disrupt markets. We disrupt our own enterprises based on the needs of our customers. We disrupt because thats what it takes to compete. We disrupt because it drives growth in our businesses and our ability to create jobs.

Disruption is not a new concept for manufacturers or any other industry that strives to outperform its competition. Disruption is a concept we embrace. We don’t do it to have onlookers say you’re crazy. We do it because our industry knows that if we are not driving the disruption, it will drive us out of business.

Technology is the latest disruptor inside the manufacturing sector. This is no secret. Technology has been driving change in our industry for decades. However, the National Association of Manufacturers (NAM) wanted to better understand just how much technology was disrupting our members. We wanted to know what it means for their business and, if it changes, how they think about you, their customers. So, we asked them and wanted to share with you what we found.

The results from our recent survey of NAM members says that manufacturers are investing in disruptive technologies for many reasons. It is improving shop floor efficiency, speeding up time to market, creating new revenue streams and driving future business.

We also found out a few barriers to investing in disruptive technologiestwo of which include a mismatch of skills and the overreach of government regulation.

Additive manufacturing, artificial intelligence, the cloud, big data, drones, robotics and the Internet of Things are just some of the disruptive technologies being leveraged by the manufacturing sector. The NAM is focused on educating lawmakers in Washington so they understand how it’s so easy to create an environment that fosters the growth of disruptive technologies in manufacturing rather than creating an anything goes policy environment.