Manufacturing Isn’t Dead in Wisconsin (or the U.S.)
It's more a story of exchange rates (weak dollar) than Lean, but manufacturing isn't dead yet, especially in Wisconsin.
As someone who re-opened a closed factory says:
“America got tired of manufacturing,” Mr. Martinez says. “But it remains a great way to make money.”
Some handy stats on the U.S. manufacturing economy from the article:
Nationally, only about 10% of the U.S. work force is currently employed in manufacturing. That's down from a peak of about 42% in the early 1940s, and about 18% in the 1980s.
But while manufacturing now represents about 12% of gross domestic product, down from 15% a decade ago, exports have surged. Last year, the U.S. exported about $1 trillion worth of goods, up 39% from 2002, when the dollar started its decline. The National Association of Manufacturers, a trade group, estimates U.S. exports will hit $1.1 trillion this year. A weaker dollar makes U.S. goods more price-competitive in Europe and other lands with a strong currency.
Now let's hope the surviving and newly-opened factories are also applying Lean methods…
Do you know of similar stories from your part of the country? Factories being re-opened or mini-manufacturing booms?
What do you think? Scroll down to comment or share your thoughts and the post on social media. Don't want to miss a post or podcast? Subscribe to get notified about posts via email daily or weekly.
- Jody Crane, MD: Lean in Emergency Medicine and Hospitals; 3 Big Issues Causing Tough Times in Healthcare - February 1, 2023
- Alternative History: GM Uses Lean to Remain #1 in the Auto Industry - January 31, 2023
- Fall in Love with the Problem, not the Solution: In Entrepreneurship and Continuous Improvement - January 29, 2023