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Overview
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Welcome to the IndustryWeek community
IW connects decision-makers within
manufacturing enterprises to share ideas and tools that inspire
action. Its award-winning presentation of trends, news, analysis,
research and peer-to-peer conversation motivates manufacturing
leaders to achieve their goals. In print, online and in person,
the IndustryWeek community is the leading resource for
manufacturing operations knowledge.
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U.S. manufacturing is the 8th largest economy in the world
 More goods are made in the United States today than any other time in its history!
- The United States is the world's #1 manufacturer!
- The United States is the #1 destination for foreign direct investment!
- The United States ranks ahead of China as a global exporter!
This should be no surprise, but for many it is! The reality is that U.S. manufacturing is continuously improving and evolving to raise the bar on performance for itself and the rest of the world. Today, factories in the U.S. are safer, more eco-friendly and more productive than ever before.
U.S. manufacturing is not just large companies, either. The United States has a thriving small and mid-size (SMB) business manufacturing sector:
- Over 1/2 of U.S. manufacturing companies have parent companies with annual revenues less than $100 million.
- Approximately 40% of U.S. plants have fewer than 100 employees.
 There's MONEY in U.S. Manufacturing!!
The manufacturing sector pumps out over $1.4 trillion each year in America and annually generates an additional $2 trillion in economic activity. For every $1.00 in final sales, manufacturing generates an additional $1.37 in other sectors.
The people who plan the strategy and investments for these manufacturing companies read IndustryWeek
- 87.5% of U.S. manufacturers are over 10 years old -- more than 2 out of 3 plants are over 20 years old.
- 90.3% of IW subscribers have sourcing/purchasing decision-making authority.
- 51% of IW subscribers have final authority for sourcing & purchasing decisions.
- 89.8% expect capital expenditures to increase in the next 12 months.
Capital Expenditures Rising...
| Industry
| Percent of IW Subscriber Survey Respondents Expecting Cap Ex to INCREASE
| Expected Average Increase in Capital Expenditures
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| Aerospace & Defense | 53.0% | 6.8% |
| High Tech (computers & electronics) | 58.0% | 5.7% |
| Process Industries (chemicals, plastics and food & beverage) | 48.1% | 5.9% |
| Automotive | 46.2% | 5.1% |
| Pharmaceuticals/life science | 45.6% | 6.7% |
| Machinery & complex manufacturing | 30.5% | 6.7% |
| Consumer packaged goods | 27.9% | 7.9% |
| Consumer durables | 26.2% | 7.2% |
The most important benefit manufacturing leaders look for from their equipment purchases is productivity increases...
What was the most important benefit your company received from equipment purchases it made last year?
| Productivity increases | 41.9% |
| Customer satisfaction/responsiveness | 15.5% |
| Reduced labor cost/head count reduction | 12.8% |
| Faster order turn-around time | 7.4% |
| Scrap reduction | 6.1% |
| Energy savings | 3.4% |
| Inventory reduction | 3.4% |
| Improved safety | 2.7% |
| Error reduction | 2.7% |
| Reporting accuracy | 0.7% |
| Security | 0.0% |
Other*
*Other includes: Increased product capabitilies, new product fabrication enablement, innovative product, form fit function. | 3.4% |
The World is Flat for Large, Mid-Size and Small Manufacturers...
- 84.0% of IW subscribers manufacturer products in the United States for export.
- 28.0% export a quarter or more of their factory's output!
- 88.9% incorporate imported components into the finished products they manufacture in the U.S.
Regions import components/raw materials from:
(multiple responses allowed):
| Asia/Pacific: | 72.1% |
| Europe: | 58.6% |
| North America: | 42.6% |
| Central/S. America: | 24.4% |
| Africa/Middle East: | 10.7% |
Types of components/services imported:
(multiple responses allowed):
| Metal (primary, fabricated) | 38.6% |
| Electrical equipment and parts | 28.4% |
| Electronic components | 28.2% |
| Raw materials (concrete, lumber, clay, stone, etc.) | 24.1% |
| Chemicals and allied products | 23.9% |
| Rubber/plastics | 23.6% |
| General industrial machinery | 20.3% |
| Motors and generators | 18.0% |
| Metalworking machinery and equipment | 15.7% |
| Computer equipment (hardware) | 10.7% |
| Software | 8.1% |
| Business service (human resources, accounting, etc.) | 5.1% |
| Transportation vehicles/other transportation equipment | 4.6% |
| Other | 1.0% |
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