“Made in the USA” is a hot pursuit for manufacturing CEOs these days. By 2015, the Boston Consulting Group predicts that cost advantages over parts of Asia and Europe will drive more companies back to the U.S. generating as many as 5 million manufacturing jobs by the end of the decade.
Manufacturers are constantly looking at new technologies to improve processes, cut costs and expand the breadth and depth of products they provide to customers. But how do you decide on the best way to get access to the needed technology?
Everyone is talking about reshoring these days. Last week, there was an entire conference dedicated to the subject at Mississippi State University. In attendance was the Mississippi Merchandise Manager for Walmart, who said, “We have made the commitment that in the next 10 years, we are going to purchase an additional $250 billion of U.S. manufactured goods.”
Factory equipment is becoming increasingly Internet-enabled (part of the much referenced “Internet of Things” or “IoT”), and digital technology is helping engineers improve turnaround and uptime, while giving companies more tools to improve delivery time forecasting and saving hundreds of thousands of dollars in production waste, loss productivity and energy.
You would think that Hollywood would be the largest employer in the LA market. Not so. According to the U.S. Dept. of Labor, manufacturing is the No. 1 job category in LA, with 510,000 manufacturing jobs, outpacing Chicago and New York.
Have questions about whether you would benefit from onshoring? This case study from bicycle manufacturer Kent International might help answer them.
It’s truly astonishing that many of our most accomplished military veterans will return home to face one more battle: That of successfully transitioning into the civilian workforce. According to the Labor Department, the current unemployment rate for veterans is 6 percent, and 650,000 are jobless.
The University of Tennessee set out to research some of the world’s most successful strategic partnerships—including those at P&G, McDonald’s and Microsoft—to see how and why these relationships added value. The research identified five principles that CEOs everywhere can use to transform supplier relationships.
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?