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Manufacturing

Auto Manufacturing Redraws its Map

Every time a site consultant or state economic-development official turns around, some automaker or large supplier is expanding a plant, ordering tooling for a promising future model, domesticating production that occurred offshore or even plotting a whole new facility. It’s happening across America’s increasingly prosperous auto belt.

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Facing the Seven Biggest Challenges in Manufacturing

It’s no secret that American manufacturing has faced a number of significant obstacles. People say the industry is known for low wages, subpar working condition, and continual quality control issues, none of which help attract new workers — but are those actually the biggest challenges facing manufacturing right now?

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Mixed Reactions from the Manufacturing Industry on President’s Budget Proposal

Judging from initial reactions from top trade groups, manufacturers are of two minds concerning the President’s proposed budget. The National Association of Manufacturers (NAM) scorns the tax increases saying it blocks growth, but likes some of the other provisions. The Alliance for American Manufacturing (AAM), on the other hand, sees the prospect for wider tax reform and some benefits to manufacturers in proposals for infrastructure spending.

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5 Trends Shaping the Future of Manufacturing

Emerging enterprises and CEOs thinking of starting new manufacturing or product design businesses have a number of tools including social media and digital marketing that allow them to take an idea and bring it to market faster, cheaper and with an intimate customer connection. Here are five trends that can provide a tailwind to help.

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GE CEO Jeff Immelt on the Future of GE-and of American Manufacturing

Not long ago, materials were cheap and labor was expensive. Today, the reverse is true, which is why it makes sense to re-shore production in many sectors. But more importantly, the product is increasingly part of the process, driving more companies to embed their know-how and innovativeness with the product itself, says GE CEO Jeff Immelt. That and the prospect of cheaper energy due to the fracking revolution will boost manufacturing in America.

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Lean Production’s Next Frontiers and How CEOs Can Benefit

Lean is one of the biggest management ideas of the past 50 years, says McKinsey’s Ewan Duncan and Ron Ritter in the current issue of the McKinsey Quarterly. It may have started in assembly plants and other factory settings but it has moved into services ranging from retailing and healthcare to financial services, IT, and even the public sector. How might CEOs outside of manufacturing apply some of these insights to their companies?

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