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Global Competitiveness
The findings in this research report demonstrate opportunities for more strategic alliances, including third-party investments and partnerships. This is particularly true for smaller firms and startups as they try to keep pace with larger competitors in 2021 and beyond.
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.
The Illinois Manufacturing Excellence Center (IMEC) announced this new book which is described as a guide and valuable resource to help manufacturing companies become successful competitors on the global stage. Within the book, readers gather insights from leaders from Illinois-based companies such as Motorola, Watchfire Signs, and Ace Metal Crafts. Some of the subjects covered include the value of customer relationships, and integrating technology for greater process innovation.
There are two major challenges facing U.S. manufacturing. The first is building competitiveness with global manufacturers, especially for small- and medium-sized U.S. enterprises (SMEs), and the second is overcoming strategic risks to health care, national defense, and other areas where the United States depends on global supply chains.
The findings in this research report demonstrate opportunities for more strategic alliances, including third-party investments and partnerships. This is particularly true for smaller firms and startups as they try to keep pace with larger competitors in 2021 and beyond.
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.
The International Trade Administration, as well as other organizations, publishes a variety of trade-related statistics and tools for public use.