In an article for Forbes, Dave Evans highlighted two very important stats. One came from the Financial Times, stating that “57% of U.S. industries would take 6 months to recover after 1 week of transport disruptions.” The other from the 2024 State of Manufacturing Report, which summarized that on-shoring manufacturing remains a top strategy priority for U.S. industry leaders. The significance of these two points is that they highlight the major proponents for American manufacturing. Not only does it help avoid lengthy disruptions, but it is increasingly important for companies that realize its benefits.
Economic and Technical Value
One of the key benefits of American manufacturing is that it adds to economic growth. “Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy,” according to Business Insider. On top of that, it can boost the nation’s technological stance. Alongside efforts such as the increase in chip production, enhancing manufacturing in the States offers greater opportunity for a growth in our AI and robotics edge that both serves the future of the sector as well as individual industries such as semiconductor, pharmaceuticals, and advanced manufacturing systems.
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