NAM study lays out 'facts’ on U.S. manufacturing

Amid a slew of negative news about American manufacturing, the National Association of Manufacturers contends in a new study that manufacturing still plays a dominant and crucial role in economic growth. “The Facts About Modern Manufacturing” produced by the NAM and The Manufacturing Institute and sponsored by Toyota Motor North America, contains government statistics and NAM econom...

11/01/2006


Amid a slew of negative news about American manufacturing, the National Association of Manufacturers contends in a new study that manufacturing still plays a dominant and crucial role in economic growth.

“The Facts About Modern Manufacturing” produced by the NAM and The Manufacturing Institute and sponsored by Toyota Motor North America, contains government statistics and NAM economic analysis, It also features a series of success stories in manufacturing.

The book is available for download at www.nam.org/facts .

“The Facts book sets the record straight about manufacturing’s central role in the U.S. economy,” said NAM President John Engler. “It is an essential resource for anyone interested in the future of manufacturing in America %%MDASSML%% from policymakers and the media to educators and political candidates who need to know how manufacturing supports their state’s economy and how they can support manufacturing.”

“The Facts book documents how manufacturing drives economic growth, productivity and innovation in America,” added Jerry Jasinowski, president of The Manufacturing Institute (the research and education arm of the NAM).

“Some mistakenly believe manufacturing in the United States is in decline because of the continuing evolution of global sourcing and competition. In fact, U.S. manufacturing is vibrant, robust and contributes greatly to the dynamic American economy,” added Dennis Cuneo, senior vice president at Toyota Motor North America.

The Facts book highlights six manufacturing pillars that support today’s U.S. economy:

  • Manufacturing made the highest contribution (15%) of all sectors to real Gross Domestic Product (GDP) growth between 2001 and today.

  • Manufacturing is the engine of American technology development and innovation, responsible for more than 70% of private sector R&D.

  • Manufacturing’s high productivity rate %%MDASSML%% which determines real wage and benefit compensation %%MDASSML%% increased by more than 50% over the past decade and was far higher than for services.

  • Manufactured goods make up more than 60% of U.S. exports, helping to pay for U.S. imports. While agricultural exports amount to about $50 billion a year, manufacturers export that much each month.

  • Manufacturing wages and benefits are approximately 25% higher than in non-manufacturing jobs.

  • Manufacturing has a greater multiplier effect on the rest of the economy than does any other sector; each manufacturing dollar generates an additional $1.37 in economic activity.

    • “Even with these strengths, there are many challenges facing manufacturers in America,” Engler said. “Structural non-wage costs such as taxes and regulations are more than 30% higher than for our major trading partners. The underlying pressures that make it difficult to manufacture in the United States should be a top priority for policymakers.”





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me