Looking On The Bright Side of Manufacturers

Things To Know About America’s Manufacturing Industry

Manufacturing is a kind of industry that exists in every corner of the world. You may not be that attentive to it, but the fact is without manufacturing, there’s no way we get to use all the things that make life convenient for us every single day. Literally all the things we use and abuse are all because of the industry of manufacturing, including computers, phones, paper, clothes, among others. As for this industry, it wouldn’t be as huge and important as it is right now without technology and innovation.

When it comes to manufacturing, there’s no doubt that the U.S. leads the rest of the world in terms of scale and progress. And what’s actually more interesting is that the way this country manages its manufacturing industry is in a way leaving a lasting effect to all other manufacturing industries in the world.

Now let’s look at some even more interesting stuff about one of America’s most important economic sectors.

1 – You probably don’t know that about 12% of the U.S. gross domestic product is covered by the country’s manufacturing industry. With this in mind, there is very little doubt that it is a major component of economic prosperity of this nation.

2 – As of late, about 10% of the U.S. workforce find themselves working under the umbrella of the manufacturing sector. To put it in simple terms, millions of Americans work in factories and plants to earn a living.

3 – If this particular sector was to be made a separate economy, it would be the eight largest in the world per gross domestic product.

4 – Every time a manufacturing project or job is opened, it normally leads to the creation of new jobs in the local service businesses linked to it. There is some kind of domino effect, but in a rather positive way.

5 – Manufacturing is also the leader in all of the economic sectors in America in terms of the use of renewable energy. Well in fact, it uses more renewable energy, as measured in BTUs than the residential, commercial, and transportation sectors all in all.

6 – Aside from the commitment to the use of sustainable energy sources, manufacturing is also a big contributor in both research and development. The most obvious reason for the investment is because the sector in its entirety wants to be as progressing and constantly evolving as possible.

With all those facts in mind, it wouldn’t be that hard to predict that in the not so distant future, the manufacturing industry is poised to become the country’s most important and indispensable sector, which in many ways, could dictate the fate of the entire nation, at least economically speaking.

Support: original site