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Current State of Manufacturing

Author
James Manyika, Katy George, Eric Chewning, Jonathan Woetzel, Hans-Werner Kaas

The COVID-19 pandemic has underscored manufacturing’s role in providing products that are critical to health, safety, national security, and the continuity of multiple industries. It has also revealed the extent to which global supply chains are exposed to shocks and disruptions. All of this has occurred at a moment when new technologies, process innovations, and demand growth are reshaping the sector worldwide.

IMEC, Illinois Manufacturer’s Association, Technology and Manufacturing Association, and the Valley Industrial Association have partnered with the W.E Upjohn Institute for Employment Research to hear directly from small and medium-sized manufacturers about what was driving technology adoption, how they are implementing it, challenges they face, the benefits and opportunities of advanced manufacturing technologies, and how workforce development needs are changing due to technology adoption.

MAGNET’s report, Make It Better: A Blueprint for Manufacturing in Northeast Ohio brings together insights from hundreds of manufacturing CEOs, community and business leaders, academics, workers, students and nonprofit leaders, with a vision to revitalize Northeast Ohio as a leader in smart manufacturing, create thousands of jobs and transform the industry.

Author
Heartland Forward

The COVID-19 pandemic has had overwhelming impacts on our economy, not to mention the impact on lives and personal wellness. The critical lack of medical equipment to treat and protect those affected highlights the over-reliance of United States manufacturing sector on overseas production. The offshoring issue extends beyond current pandemic concerns, however, reaching far larger and more permanent concerns over industrial supply chains, worker training and even national security.