Eliminating supply chain disruptions is displacing cost as a key factor in manufacturing investment decisions. Companies are reshoring and creating middle-income jobs that offer economic dignity to by-passed workers. We need to foster a skilled workforce ... skilled for today's job vacancies and skilled for the future rapidly coming our way. https://reshorenow.org/blog/reshoring-making-made-in-america-and-the-american-dream-a-reality-in-2022/ #reshoring #industryreimagined2

Michael Rada, founder: "Industry 5.0 was introduced to build a wasteless world by implementing systematic waste prevention in all aspects of life including work. The European Commission already has adopted Industry 5.0 in the European Union Sustainable Development Strategy framework on January 7, and the United Nations included Industry 5.0 on a program of the World Investment Forum on October 19. https://www.controldesign.com/articles/2021/what-is-and-isnt-industry-5-0 #Indu

IndustryWeek interview with Jeremy Frank, KCF Technologies. Manufacturing is facing one of its largest disruptions—digital transformation—in modern history. Workers skilled in Industry 4.0 technologies will determine the sector’s future. #industryreimagined2030 #industry40 #workforcedevelopment

Companies can take more control over ways future disruptions impact their operations. Manufacturers are doubling down on digital technologies to build resiliency and to shield themselves from future external threats. https://www.industryweek.com/operations/article/21173801/supply-chain-stability-and-workforce-agility-are-the-new-competitive-advantages-in-manufacturing #industryreimagined2030 #supplychain #industry40 #manufacturing

It took a single COVID-19 case among the dockworkers for China to partly shut the world’s third-busiest container port for two weeks this month. Spooked by the chronic stoppages and breakdowns, and already concerned by rapidly rising prices and delayed delivery times. The whole supply chain is in a real state of flux right now. The troubles threaten the widespread prevalence of “just-in-time” approaches to inventory. https://www.madeinamerica.com/as-covid-upends-global-supp

excerpted from McKinsey Global Institute research While there are many schools of thought, we find three waves collided to produce a productivity-weak but job-rich recovery, with productivity growth falling on average to 0.5 percent in the 2010–14 period compared to 2.4 percent a decade earlier. #IndustryReimagined2030 #manufacturing #inequity #productivity

This is excerpted from and Industry Week article "Reliability approach to asset uptime" by Jill Jusko https://www.industryweek.com/operations/article/22024809/reliability-approach-to-asset-uptime "ARC Advisory Group reported its belief that the impact of unplanned downtime on revenue and profitability in the process industries has been “vastly underestimated.” “ARC estimates that downtime costs the process industries somewhere in the area of a trillion dollars a year, “ wrote

We need to recognize that while government policies and incentives are a boost, the roadmap for the private sector includes People (investment in workforce skilling), Process (practices for reduced waste, more efficient production, smarter transportation strategies), Technology (Industry 4.0) and Leadership (sustainability stewardship). Terrific article by Girish Rishi, CEO, Blue Yonder https://chiefexecutive.net/why-the-path-to-recovery-requires-a-return-to-made-in-the-usa

The Big Picture: The Coalition for Prosperous America summarizes a recent report from International Trade Commission economists. https://prosperousamerica.org/comprehensive-itc-study-finds-little-or-no-benefit-for-u-s-from-trade-agreements/ Why this is important: #IndustryReimagined2030 is shifting the narrative for US industry from 'inevitable decline' to 'vibrant opportunity.' One aspect of this shift is revealing the underlying assumptions that have led to a generational d

The Big Picture: Digital Lean is the convergence of lean management practices, design thinking, advanced digital technologies, and analytics.. Digital Lean empowers management and employees with a new level of timely, actionable information and workforce engagement. #IndustryReimagined2030 #Manufacturing #Lean

Evidence of 'vibrant opportunity": 83% of manufacturers are “likely” or “extremely likely” to replace at least one overseas supplier with a North American supplier in the next 12 months, an increase of 53% vs. March 2020, adding $443 billion to economy. Evidence of 'inevitable decline': Over 1/2 million unfilled jobs today might result in 2.1 million unfilled jobs by 2030, subtracting $1 trillion from economy. The U.S. continues to address this disconnect in a fragmented, pi

Establishing an Industrial Finance Corporation would fill the gap between the US as the world-class innovator and the US as a world-class advanced technology manufacturer. https://www.theatlantic.com/science/archive/2021/08/america-into-the-worlds-factory-again-industrial-finance-corporation/619793 #IndustryReimagined2030 #manufacturing

How NE Ohio is coming together, companies, educational institutions, communities and non-profits to raise awareness and create innovative career on-ramps. https://www.industryweek.com/talent/recruiting-retention/article/21170456/the-manufacturing-talent-pipeline-is-broken-with-radical-collaboration-we-can-fix-it #industryreimagined2030 #workforcedevelopment

The past year has brought fresh attention to the role of manufacturing in our economy and its potential to power an inclusive recovery. The following is a link to a study by The Century Foundation and the Urban Manufacturing Alliance on building an inclusive manufacturing workforce. https://tcf.org/content/report/industry-inclusion-blueprint-action #IndustryReimagined2030 #NewCollarWorkforce

Virginia has a premier regional education organization that is well-established in the Hampton Road region. It is the New Horizons Regional Education Centers (NHREC). This can be the future of CTE education for the Commonwealth. #IndustryReimagined2030 #NewCollarWorkforce

There are many troubling facts regarding the readiness of people entering the manufacturing workforce. There are systemic failures but they are not what most think. The new paradigm is no longer academic education; it is skill readiness. The future of skilling the workforce is happening now ... it is just not widely scaled. #IndustryReimagined2030 #Industry4.0 #NewCollarWorkforce

Effective transformation of the manufacturing sector could boost GDP by $275 billion to $460 billion and add 1.5 million jobs. If the United States can improve competitiveness in the 16 manufacturing industries listed, the direct and indirect effects could boost annual GDP by more than 15 percent . The multiplier effect would be felt across a far wider and more diverse geographic area than an equivalent GDP gain in tech or finance. Renewing the capital stock in these industri

Technological advances are transforming factories and creating new partnership ecosystems, which are allowing new business models to emerge. How can manufacturing pivot to become the centre of innovation, and which new business models should the industry adopt to build a more resilient, sustainable and inclusive society? https://www.weforum.org/reports/towards-a-new-normal-new-design-rules-for-advanced-manufacturing-business-models #IndustryReimagined2030 #Industry4.0

by Scott Davis, Melius Research The U.S. manufacturing industry has experienced a lifetime of trauma over the past two decades—but we believe 2020 marks the bottom of that long and high-profile decline. This past year has been particularly traumatic, as the pandemic brought with it the largest cut in industrial earnings on record in the second quarter, driven by the global shutdown that started in January in China and still exists in some form in many countries today. https:/

Over the next decade - a generational sea-change in U.S. industry from a worldview of inevitable decline to one of vibrant opportunity