The U.S. and the U.K. have become increasingly competitive on the world manufacturing stage in the last decade as companies ramp up production as the world recovers from the global financial crisis. Article>>
Manufacturing grew in December at the second-fastest pace in more than two years, fueled by a gain in orders that will help propel the U.S. expansion. Link>>
President Barack Obama, on the road to promote his State of the Union proposals, said the U.S. is becoming more competitive in global markets and reviving the country’s manufacturing base is crucial to future
The United States unemployment rate remains strong at 7.8%, but in the manufacturing industry, demand is outpacing supply with hundreds of thousands of jobs going unfilled. “These unfilled jobs are mainly in the skilled production
It seems as though manufacturing has come full circle in the U.S. Over the years, the manufacturing power shift went from the U.S. to Germany and Japan…and now resides in China. However, according to talks at the second annual Clinton Global Initiative – America, industry leaders are projecting that the U.S. may once again return to its roots and maintain its dominance in the manufacturing arena. Due to high demands for companies to research, design, manufacture, and bring products to market as quickly as possible, companies in both the U.S. and China are seeing the benefits of local production. If this happens, there will be an even greater demand to cultivate a skilled STEM workforce to run this economic engine.
According to the The Future of Manufacturing in the U.S. conference held at MIT (May 8th & 9th), speakers announced surprising data concluding that 50,000 manufacturing jobs have been relocated back to the U.S. this January alone. Due to rising costs in shipping and foreign wages, U.S. manufacturers are finding it increasingly cost effective to bring jobs home.