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

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