Data shows that organized labor in the manufacturing industry has been on the decline for years. Yet questions remain as to why. Is it because unions are outdated and irrelevant to today’s business environment? Or is it the result of companies threatening and intimidating workers? Read more
Every October, the Association for Manufacturing Technology, AMT, hosts its annual Global Forecasting & Marketing Conference. This year, attendees will converge on Cincinnati for great networking opportunities, innovative manufacturing business strategies and concepts, and inspiring keynote speakers. But the main reason why people go to this event is to hear the economic and market forecasts given by the industry’s top economists. In short, people come because they want to know the future. Read more
A majority of manufacturing executives at companies with sales greater than $1 billion claim in a new survey that they are pulling production back from China and returning it to the U.S., or are at least considering such a move. Labor costs, proximity to customers and product quality are key reasons for production location decisions.
There is a growing trend to reshore manufacturing back to the U.S. as managers re-calculate and compare the true total costs of production. Still, there is a range of hidden metrics that are not factored often enough when determining where to produce goods. Read more
Not only are American companies pulling back on their overseas production, but foreign businesses view the United States as an attractive alternative to producing at home. It could be that America is becoming a low-cost manufacturing destination. Read more
The Invest in American Jobs Act of 2013 is among the newest efforts to increase job creation and bolster the U.S. economy. The legislation would ensure that major future transportation systems that are financed by taxpayers are “Made in America,” keeping more jobs on American soil. Read more
Manufacturers continue to close facilities in the U.S., but new research suggests that factory closings are not due to a “runaway plant” epidemic. In fact, many companies are outsourcing parts, not labor, and opening new plants overseas to better target foreign markets. Domestically, they are harnessing efficiency methods to produce more from fewer plants. Read more