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Manufacturing

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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Manufacturers to D.C.: Make Us a Can-Do Nation Again

Prior to the President’s State of the Union address, National Association of Manufacturer’s (NAM) chairman Doug Oberhelman (CEO of Caterpillar) and NAM president Jay Timmons posted this article on Real Clear Politics offering a challenge to our political leaders in taking steps to revive manufacturing. They cite the Skills Certification System as a critical pillar in our manufacturing economy.

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States Competing to Lure Job Creators

America’s manufacturing comeback is in full swing – depending where you are. Some state governments are aggressively pursuing job creators, others are trimming efforts due to fiscal problems and still others have never effectively competed. Here’s the latest roundup.

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VIDEO: Ford’s Alan Mulally on Gov’t Regulations for Businesses

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Chief Executive magazine's CEO of the Year, Ford Motor's Alan Mulally, serves on President Obama’s export council, specifically leading the manufacturing section. In this video, Mulally discusses Ford’s involvement in formulating government regulations, the importance of a business – government relationship, corporate tax rates, and how to bring America back to the top in manufacturing (something he knows more than a little about).

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How Dow Corning Beat Commoditization By Embracing It

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In the early 2000s, Dow Corning recognized that silicone was starting to become a commodity and that they needed to rethink their business strategy. The company's new business model was a complete shift from where they had found success in the past, but it was a shift that created a brand new market and customer base for the manufacturer.

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