How are you celebrating
Manufacturing Day?
Manufacturing Day is Friday Oct 5, 2012 and is designed to “expand knowledge about and improve general public perception of manufacturing careers and manufacturing's value to the U.S. economy.” There will be a number of events, plant tours and open houses all over the US on Friday Oct 5 that you may host or attend in order to meet this important objective.
Here are some of the facts about US Manufacturing:
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US Manufacturing accounts for about 1.5 trillion in exports
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Manufacturing's share of the US economy has dropped to 12 % of GDP from the high of 28.3 percent in 1953, after WW II.
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Manufacturing employment has fallen to 9.25% of US Employment from 26.5% in 1969.
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Manufacturing is responsible for almost 2/3 of all private sector Research & Development (R&D)
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Each manufacturing job creates at least 2.91 more jobs in other sectors
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Manufacturing jobs pay on average around 25% more than service jobs
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Manufacturing has been leading the comeback in the US economy with over 24 months of growth and has added over 430,000 jobs since January 2010.
Manufacturing in America is on the rebound. A report from the Boston Consulting Group on U.S. manufacturing sees favorable labor and energy costs creating another 2.5 to 5 million jobs by 2020. The Boston Consulting Group report sees “a boom in U.S. industrial exports stemming from cheap natural gas and a mix of high U.S. labor productivity and relatively lower wages. On the labor side, it’s now cheaper to make goods in the United States than in Germany, France, Japan Britain and Italy. China’s labor costs are still less, but by only seven percent — half of what they were a decade ago.”
To find an open house/plant tour at a manufacturing location near you on Friday October 5, 2012, go to http://www.Mfgday.com.
Thanks,
Ben Moore
President
Agent Technologies, Inc.
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The Consumer's Workshop: the future of American manufacturing
The Consumer's Workshop: The Future of American Manufacturing is a hand book on how to setup the systems within your company and create the workforce you need to be successful now and in the future. Written by authors that have worked at some of America's largest manufacturers, founded their own manufacturing organizations and helped numerous small manufacturers grow.
The Consumer's Workshop: The Future of American Manufacturing is a must read for today's business leaders. It is insightful and provocative in its approach to where US manufacturing has been, how manufacturing got into the troubles it faces today and what we need to do to become the standard for world class once again. If we want to know how to regain that competitive edge once again, the roadmap is certainly the pages of The Consumer Workshop.
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 The Consumer's Workshop is an extremely timely review of how manufacturing strategy developed in the past
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-- B. Joseph Pine II, author, Mass Customization: The New Frontier in Business Competition
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Manufacturing Day |
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Manufacturing Statistics September 2012 |
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Manufacturing Statistics
1) Industrial production in August 2012 decreased 1.2%. Manufacturing production increased 0.7% in August 2012. Source: Federal Reserve Board
2) Nonfarm payroll employment increased by 96,000 in August 2012. Manufacturing employment decreased by 15,000. Unemployment rate dropped to 8.1% nationally. Source: Bureau of Labor Statistics
3) Manufacturing Trade Deficit increased to $42.0 billion in July 2012 on exports of $183.3 billion and imports of $225.3 billion. Sources: Census Bureau, Bureau of Economic Analysis
4) New orders for durable manufactured goods in July 2012 increased $12.9 billion or 2.8% to 478.6 billion. Source: Census Bureau
5) Inventories of manufactured durable goods in July 2012 increased $2.7 billion or 0.7% to $369.2 billion. Source: Census Bureau
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