Five Critical Themes in U.S. Manufacturing

 

Bowden Manufacturing (Current)
Bowden Manufacturing (Current)

Ranked in the top 5 Industrial Markets in the U.S., Northeast Ohio has one of the highest concentrations of manufacturing companies with almost 10,000 facilities (NEOisGreat 06′).

Bowden Manufacturing, located in Willoughby, Ohio, is a mainstay on this list! With growth in the Aerospace, Defense, and Oil & Gas industries coupled with technological innovations predicted over the next decade; the future is looking bright for Bowden MFG. and Northeast Ohio Manufacturing!

 

 

Here is a list of 5 Critical Points in U.S. Manufacturing from Industry Week.

  • Strong end-market demand is driving companies to produce closer to their customer base.
    • Proximity to the customer base allows for greater responsiveness, better positioning in the markets being served and more accurate demand forecasts.
  • Managing supply chain risk
    • Manufacturing disruptions that occur overseas can be easier to manage by shortening the supply chain.
  • Narrowing differences in energy and labor costs.
    • The shift from labor-intensive to technology-intensive manufacturing processes has made the U.S. more competitive and diminished the benefit of outsourcing to lower-cost countries.
  • The importance of innovation, differentiation and speed to market
    • American companies have a competitive advantage when it comes to producing technologically advanced, differentiated goods that require precision manufacturing and rigorous quality control.
  • The importance of business environment and regional attractiveness
    • The U.S. has stronger laws and institutions relative to developing economies which provides companies greater intellectual property protection and higher safety standards.

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