Executive Briefings

Signs Point to 2013 Being the Year of Resurgence in U.S. Manufacturing

Will 2013 be the year of the manufacturing renaissance? Plenty of groups are hoping so. NAM issued its "manufacturing renaissance" strategy over a year ago. Willy Shih and Gary Pisano of the Harvard Business School, as well as Craig Giffi at Deloitte, are leading advocates for policies that will encourage manufacturing innovation on our shores. And Boston Consulting Group has issued a series of reports pointing to a steady rise in new investment in American manufacturing over the next five years.

A year ago, many experts would have even predicted we were on the verge of such a renaissance. Manufacturing has grown faster than the overall economy for several years. Further, in the first quarter of 2012, factory activity took off at a China-like pace, growing at an annual rate of 10 percent. With a disappearing cost advantage in China, higher U.S. productivity, a fresh awareness of overseas supply chain risks and the comparative advantage arising from a shale gas and oil revolution, a growing number of experts are talking of a dramatic resurgence of American manufacturing.

That's not to say there are no bumps in the road.

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Keywords: supply chain management, supply management, U.S. manufacturing rebounds, U.S. manufacturing sees stronger growth

A year ago, many experts would have even predicted we were on the verge of such a renaissance. Manufacturing has grown faster than the overall economy for several years. Further, in the first quarter of 2012, factory activity took off at a China-like pace, growing at an annual rate of 10 percent. With a disappearing cost advantage in China, higher U.S. productivity, a fresh awareness of overseas supply chain risks and the comparative advantage arising from a shale gas and oil revolution, a growing number of experts are talking of a dramatic resurgence of American manufacturing.

That's not to say there are no bumps in the road.

Read Full Article


Keywords: supply chain management, supply management, U.S. manufacturing rebounds, U.S. manufacturing sees stronger growth