The Myth of America’s Manufacturing Renaissance: The Real State of U.S. Manufacturing

Conditions for U.S. manufacturing are certainly better than they were a decade ago, as employment and output are both growing, albeit slowly. Despite this improvement, there is not yet evidence to support the notion of a U.S. manufacturing renaissance. Much of the growth since the recession’s lows was just a cyclical recovery instead of real structural growth that will improve long-term conditions, and there is a strong possibility that manufacturing will once again decline once domestic demand recovers. American manufacturing has lost a net of over a million jobs and over 15,000 manufacturing establishments since the beginning of the Great Recession. Value added is also down by 3.2 percent from 2007 to 2013, despite overall GDP growth of 5.6 percent. Moreover, America faces a $458 billion trade deficit in manufacturing goods.

Spotlight

Methode Electronics

Methode Electronics, Inc. (NYSE: MEI) is an international engineering company headquartered in Chicago, IL, with over 4,500 employees worldwide. Since being established in 1946 as a single-product manufacturer, Methode has since expanded its business into industrial design, manufacturing & distribution and professional services. Our company's vision is to utilize our technical capabilities to deliver unique, turnkey solutions that provide genuine value for our customers.

OTHER WHITEPAPERS
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Accelerating value from data-driven manufacturing

whitePaper | November 4, 2022

For manufacturers, the challenge of ensuring that production efficiency is improved to the point that’s right first time, every time, is critical towards the ultimate goal of achieving zero defect manufacturing and all of the associated cost and sustainability benefits.

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HOW INTELLIGENT AUTOMATION DRIVES CUSTOMER-CENTRICITY IN MANUFACTURING

whitePaper | August 17, 2022

The need for true customer-centricity is impossible to ignore in the manufacturing world. Disruptive technology, instant availability of information, the expectation of to-the-second service in an on-demand consumer economy have given rise to a new power balance, in which the demands of the customer call the shots – rather than the way manufacturing businesses determine they should operate. In this redrawn landscape, intelligent automation (IA) can be the difference between success and failure. But what does it take to integrate IA into a manufacturing operation – and where are its benefits felt most prominently?

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Autonomous vehicles have a lot to learn. We can help

whitePaper | May 21, 2020

That experience demands a platform supported by increased connectivity and cloud infrastructure. The industry will require immense computing and processing power for all the information that AVs rely on and will continue to rely on in a future with 5G.

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CLOSED-LOOP MANUFACTURING Integrating ERP, PLM and MES to Achieve Smart Manufacturing

whitePaper | October 1, 2021

Digitalization is changing how humans live and behave in many ways. It has a huge impact on almost all aspects of society. Just look at manufacturing. Factories have used digital applications for decades, but the impact of a new technological paradigm founded on the Industrial Internet of Things, or IIoT, and realized in the Industry 4.0 concept, is driving the world of manufacturing into a completely different playing field.

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Smart Manufacturing

whitePaper | November 23, 2022

Smart Manufacturing as a concept has been around for over 15 years and is firmly on an upward trajectory as organizations are starting to realize their full transformational potential. For most manufacturers, it’s only recently that the Smart Factory is no longer considered a technology experiment. It’s now deemed a critical initiative with a clear business case: a Gartner survey of manufacturers found 88% of participants expect smart manufacturing to advance their competitiveness1 .

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INDUSTRY 4.0 THE ROLE OF IIoT IN DIGITAL TRANSFORMATION OF THE MANUFACTURING SECTOR

whitePaper | October 6, 2022

Is “Industry 4.0” an increasingly hyped term or a real change in the manufacturing sector? This question arises when we examine the true value of Industry 4.0. This White Paper is an attempt to analyze the theoretical and practical aspects of the concept, which has made its way into the Polish market as well as others. The paper will present detailed analysis and presentation of the practical side of Indust

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Spotlight

Methode Electronics

Methode Electronics, Inc. (NYSE: MEI) is an international engineering company headquartered in Chicago, IL, with over 4,500 employees worldwide. Since being established in 1946 as a single-product manufacturer, Methode has since expanded its business into industrial design, manufacturing & distribution and professional services. Our company's vision is to utilize our technical capabilities to deliver unique, turnkey solutions that provide genuine value for our customers.

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