The nation’s 33,000 middle-market manufacturing companies are increasingly leveraging advanced manufacturing techniques to generate increased revenue and productivity growth, according to a report released in July 2013 by the National Association of Manufacturers (NAM) and the National Center for the Middle Market, a partnership of GE Capital and The Ohio State University’s Fisher College of Business.
The manufacturing sector in the United States is poised for growth across the next decade. Business leaders are looking increasingly at the United States as a viable location for investment, spurred by lower energy prices, increased productivity and quality, higher transportation expenses, and rising costs elsewhere. The manufacturing resurgence has garnered tremendous attention, spotlighting an industry that some had written off just a few years ago. Manufacturers have added roughly 500,000 net new workers since the end of the recession, with prospects for future growth high.
Of course, much of that future success depends on our ability to compete globally, implementing the latest innovations and technologies, pursuing growth in new markets and hiring the most talented people. That is why the results of the NAM and the National Center for the Middle Market’s Advanced Manufacturing Techniques study are so important. Many Americans, especially the younger generation, have a preconceived notion of what a blue-collar worker is, and for that reason, we have very real challenges in changing perceptions about modern manufacturing. Manufacturing today is an extremely high-tech, high-skill endeavor that is always evolving, and the data tend to back this view up.