Earthquake batters manufacturing industries
Japan’s earthquake and tsunami also wreaked havoc on a broad swath of manufacturing facilities in the Tohoku region, one of Japan’s industrial hubs.
The calamitous earthquake and tsunami that ravaged northeastern Japan on Friday also wreaked havoc on a broad swath of manufacturing facilities in the Tohoku region, one of Japan's industrial hubs.
The disaster has damaged most of the major auto and electronics plants in the region, where many industries are concentrated due to its proximity to the Tokyo metropolitan area.
Roads and railways that are desperately needed to transport materials and products have been disrupted, while power outages continue across almost the entire region.
The shutdown of production of both key components and finished products has inevitably begun to affect factory operations in other parts of the nation. Exports have also been affected, further blighting the outlook for the Japanese economy.
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After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.