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Overview
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Why manufacturing?
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U.S. manufacturing is the world's 8th largest
economy
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U.S. manufacturing pumps over $1.4 trillion
into the U.S. economy each year.
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It annually generates an additional $2
trillion in economic activity.
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The United States is the #1 destination for
foreign direct investment.
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U.S. manufacturers produce more today than at
any other time in U.S. history.
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For every dollar of manufactured goods
produced, an additional $1.37 of economic activity
is generated.
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The U.S. manufacturing sector leads in
innovation:
-- Accounts for 57% of industrial R&D
-- The new products and processes developed in
manufacturing contribute significantly to U.S.
competitiveness, economic leadership and the
current high standard of living.
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$1.5 billion of containerized shipments pass
through U.S. ports each day.
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The manufacturing sector will increase its
spending on IT services to a total of $455.7
billion by 2009.
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Manufacturing construction is projected to
increase every year, reaching more than $25
billion by 2009.
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U.S. ports and waterways handle more than 2
billion tons of domestic and import/export cargo
annually.
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By 2020, forecasts predict that the U.S.
transportation system will handle cargo valued at
more than $28 trillion, of which $4 trillion will
pass through our nation's ports.
Sources:
The Manufacturing Institute, National Association of Manufacturers and
RSM McGladrey Inc., The Future Success of Small and Medium
Manufacturers: Challenges and Policy Issues
Gartner, Forecast: Manufacturing IT Spending, Worldwide, 2005-2009
U.S. Census Bureau of Labor Statistics
Manufacturing Construction FMI Corp.
U.S. Machine Tool Consumption: A joint statistical program of AMT and
AMTDA
Council of Supply Chain Management Professionals
American Association of Port Authorities
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Automakers, governments, utilities and oil and gas companies are
pouring
billions into hydrogen research -- more than $10 billion will be spent
on
hydrogen research over the next ten to fifteen years worldwide. This
will
lead to a mass-market set of manufacturing innovations, similar to the
innovations that first launched the modern auto, train, and shipping
industries.
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One trend that will continue: manufacturing jobs will continue
to
be shipped from large U.S. cities to smaller U.S. cities, like
Wheeling,
W.Va. The reason: these cities can deliver employees with a strong work
ethic, and relatively low wages.
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With advanced manufacturing technology, businesses are able to deliver
on
mass customization. This is part of a broader trend toward faster,
more
specialized manufacturing. The customizing concept, conceived of
decades
ago, is to crank out one-of-a-kind, custom-fit goods at
mass-production
prices.
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Another manufacturing trend: market customization. One
example, developed by Trek Bicycles, is where the company offers a
commuter
bike designed for the rainy Northwest, and another commuter bike, with
more
urban chic, for New York. The auto and engine industries are also
doing
mass or market customization.
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A couple of growth markets for U.S. manufacturers as noted by
Frost & Sullivan and other research firms: wind power generation
units,
selected consumer electronics, including portable digital audio and gaming
devices, and food processing that involves nanotech and biotech
components
and processes.
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It's easy to get the impression that
U.S. manufacturing is dying -- and that China is the culprit. The
numbers, however, tell a different story.
Download this two-page PDF
published by the US-China Business Council, which debunks some of the
most common myths about U.S. and Chinese manufacturing.
More resources for manufacturing
data
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