Anna Waldman-Brown’s Post

America's economic future and global competitiveness hinge on our ability to innovate. Historically, our country has been a wellspring of inventions, many of which were subsequently mass-produced abroad. 🌏 This trend still continues, but now with a concerning twist: We're not just outsourcing technologies, but also losing entire industries. This situation raises a critical question. 👉 How much can we afford to lose in terms of technology and industry before our innovative edge is permanently diminished? ❗️ Apart from policy reforms that incentivize local production and research, the solution lies in reinvigorating our domestic manufacturing sector and fostering an environment conducive to retaining innovation within our borders. Investing in education and training to build a skilled workforce capable of handling the demands of advanced manufacturing and technology development is just one strategy. The list goes on! We welcome your thoughts and ideas on this critical issue – How do you think we can maintain and strengthen the American innovative edge? World Economic Forum | US Center for Advanced Manufacturing | Alison Trumble | Stephanie Wright | Shree Parikh | Claire Grant #USManufacturing #Reshoring #AdvancedManufacturing #LocalProduction #AmericanManufacturing

UK advanced manufacturing can support sustainable regional and national economic growth, but this requires long-term political vision and commitment, according to the leaders of the UK’s five most successful manufacturing sectors.

Reflecting on President Biden's commitment to making America a leading force in manufacturing, as shared in a recent ThomasNet article on his State of the Union address, I'm drawing a parallel to my professional journey. As someone connected to K2 Scientific and its sister company, VitalLog, which is at the forefront of manufacturing innovative products right here in the U.S., I'd love to hear your perspectives. How do you view America's capability to lead in manufacturing? Can a resurgence in this sector act as a catalyst to bolster our economy, potentially reducing the deficit and strengthening our currency? We're maintaining great relationships with our offshore partners and building here. Wouldn't it be nice to see a friendlier, global economy? Share your insights on how a robust manufacturing base could shape our economic landscape, keeping our discussion focused on the broader implications rather than partisan viewpoints. #Manufacturing #Economy #AmericanManufacturing For a deeper understanding of the context of Biden's speech and its significance, I recommend checking out the detailed article on ThomasNet below.

"President Joe Biden signaled last week that his administration will oppose Nippon Steel’s proposed purchase of US Steel. As a matter of electoral politics, it’s easy enough to understand. As a matter of economic policy, however — not so much." Okay. I can accept that. "The idea behind industrial policy is essentially that economic growth is too important to be left to the market. Instead, the state should deliberately cultivate leading industries in strategic sectors." Sure. I agree with many of the points, on why US Steel should be put on the block. "Of course, to make subs you need steel, which is why there are good reasons to maintain a domestic steel industry. But Japanese ownership of US steel facilities is not a security risk. Not only is Japan a US ally, it is the key US ally against the key adversary, China." Except this line. I think that there are many compromises made in industrial policy, but this is not one of them. Either you have domestic steel industry under US control, or you agree that to have it under overseas control by China or Japan. Since it is determined that US Steel is strategic, a national security concern - then deciding to keep it in the US for the US is a no-brainer. The only question is whether the cost is worth it. US Steel is the easiest example to analyse. "The attempt to use subsidies to create a domestic semiconductor manufacturing industry, for example, is flailing, mostly because of the White House’s determination to attach many strings to every subsidy dollar in order to promote other progressive goals." Okay, US is NOT the leader in semicon production, it is playing catchup - in other words, it has no idea how the industry should be run. "Each deviation from technically sound policy may be defensible on its own terms.....Taken together, however, it amounts to an incoherent approach to policy." Now every policy cannot be so brittle that it cannot take a bit of disorder or small doses of Murphy. But the Japanese got a plant, approved, built and running in 24 months. And US is still talking. It seems that the US is more afraid of being stiffed, promoting non-liberal goals - than actually catching up. Why is this so? Because the US has 2 problems: 1. They have been out of the industrial policy game for so long that they failed to understand how it actually works. There are 2 types of industrial policies - 'Sputnik - I am behind' or 'OpenAI - I am in front'. Ther former? Do what it takes, BOHICA until you win. 2. US industry 'giants' have gotten lazy. They blame the unions, they blame dumping - but when the going gets tough (on the bottomline) they quit. (Toyota USA, Honda USA all thrive with the same conditions.) My take: it will take 2 administrations to work on this problem and understand that tariffs is a short term speed bump. The real problem is US manufacturing has to wake up.

AMAZING BRIEF OF AMERICAN MANUFACTURING LANDSCAPE this video is well worth a watch. Even as an American, you will gain a better understanding of how the geography and regions of the country create a diverse economy. He includes Mexico as part of NAFTA. In combination, we have a global powerhouse challenging basically the rest of the world in economic productivity https://lnkd.in/g8YYUT69

“IGNITING AMERICAN MANUFACTURING" "The connection between a thriving manufacturing industry and economic independence cannot be overstated. The strength of a country's economy is the foundation of its national security, allowing it to chart its course in the international arena without fear of economic coercion or sanctions. By investing in a self-sufficient manufacturing sector, a nation bolsters its economic sovereignty and ensures that strategic interests, not economic pressures, dictate its security decisions." - Rory Francis Comiskey. 14MARCH2024 #digitalsoveriegnty #chipwar #manufacturing #americanmanufacturing #americanmanufactruingsupercycle #economicindependence #ignitingamericanmanufacturing Rory Francis, is a known manufacturing SME, Workforce Development Advocate, Author and Public Speaker

Samuel Slater's mill is hailed as the birthplace of the American Industrial Revolution, marking a pivotal shift in the nation’s economy. Here's a snapshot of the era that transformed American Industry in the early 1800s: - Introduction of factories with machinery and standardized tasks revolutionized production and trade. - Eli Whitney's innovation of interchangeable parts not only revolutionized the arms industry but reshaped manufacturing nationwide. - The Industrial Revolution saw Pennsylvania's iron industry rapidly outpacing local forges, driven by advancements in technology. - The introduction of high-pressure steam engines by Oliver Evans powered diverse industries, from textiles to flour mills. - Eli Whitney's concept of interchangeable parts, initially for guns, became a cornerstone of American industrialization. - Massive Irish immigration during the mid-1800s played a significant role in furthering the Industrial Revolution and Westward Expansion. - The construction of canals and railways expanded transportation networks, connecting remote regions to urban markets. The Industrial Revolution, with its costly infrastructure and the rise of corporations, was fueled by the influx of immigrants and the unyielding efforts of numerous individuals to drive progress. This transformative period laid the foundation for modern industrial society. https://lnkd.in/eWkFXFTD

Industrial policy is all the rage nowadays. In the United States, President Joe Biden has signed laws offering hundreds of billions of dollars in incentives and funding for clean energy and domestic semiconductor manufacturing. Similarly, Donald Trump launched a trade war with China in the name of reviving US industry. Rank-and-file Democrats and Republicans alike are on board with this shift from free markets toward government planning. In my latest Project Syndicate column, I argue that industrial policy always works better in theory than in practice. Real-world factors are likely to thwart efforts by the state to revitalize the manufacturing sector and significantly boost the number of manufacturing jobs. https://lnkd.in/efeFpntQ