Spring 2007. Industry Study. Manufacturing Industry
INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC
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The US manufacturing industry is the worlds leading producer of manufactured goods. It is a significant driver behind the growth and prosperity of Americas economy. On a global scale, if the US manufacturing industry were considered as a country by itself, it would rank as the eighth largest national economy in the world National Association of Manufacturers NAM, 2006, p. 5. US manufacturers are relevant, employing over 20 million Americans directly and indirectly and accounting for 15 of the US gross domestic product GDP NAM, 2006, p. 4-5, 10. Manufactured goods also make up more that 60 of US exports and the manufacturing industry accounts for roughly 70 of US industrial RD NAM, 2006, p. 1. In addition to these contributions to our economic prosperity, US manufacturers strongly support national security by providing the foundation of our nations defense industrial base. The Manufacturing Industry Study Seminar looked broadly at the manufacturing sector in the US. The Seminar assesses the US manufacturing industry to be competitive within the global economy, largely due to superior productivity and innovation. At the same time, the US manufacturing industry is facing challenges that threaten its competitive advantage in the global market. The three greatest challenges involve workforce demographics, structural costs including government regulation, and future innovation. The Seminar visited several domestic manufacturing organizations as well as several in Russia and Germany to determine how the manufacturing industry is coping with these challenges. This paper provides options for the federal government to promote a successful future for US manufacturers. Additionally, this paper includes five essays focusing on topics that are significant to the manufacturing industrys support to national security. These topical essays cover trade policy, industrial continuity of operations, the environment, nanotechnology, and competition from China.
- Economics and Cost Analysis
- Personnel Management and Labor Relations