Industry 4.0 & Digital Transformation Enthusiast | Business Strategist | Avid Storyteller | Tech Geek | Public Speaker
๐ ๐ฎ๐ง ๐๐๐๐ญ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐ญ๐จ๐ซ: โข Roughly ๐๐.๐ million people are employed in manufacturing, making it the ๐๐ญ๐ก largest employer. (Source:ย https://lnkd.in/eNSDg2T2) โข Of the ๐๐๐,๐๐๐ identified exporters in 2020,ย ๐๐%ย were manufacturers. (Source:ย https://lnkd.in/enyrG-gC) โข There are ๐๐๐,๐๐๐ factories in the United States.ย The vast majority (268,000) have less than 99 employees.ย There are ๐๐๐ factories that have 1,000 or more employees. (Source:ย https://lnkd.in/enEQzYxM) โข In 2023, the sector contributes $๐.๐๐ ๐๐ซ๐ข๐ฅ๐ฅ๐ข๐จ๐ง to the U.S. GDP, amounting to ๐๐.๐% of total GDP. (Source:ย https://lnkd.in/eGzN6JTV) โข Average compensation in U.S. manufacturing is 10.2% higher than that for total private industry. (Source:ย https://lnkd.in/enSZs6wd.) โข Theย Boeing Everett Factory in Washington Stateย is the largest factory in the world with a surface area of ๐๐๐,๐๐๐ ๐ฆยฒ (98.3 acres). (Source:ย https://lnkd.in/eWe2hA4F.) โข California has the most manufacturing jobs (๐,๐๐๐,๐๐๐) and the most number of manufacturing companies (๐๐,๐๐๐), followed by Texas in both categories. (Source:ย https://lnkd.in/eR37SQPM) โข The U.S. exported $๐.๐ ๐๐ซ๐ข๐ฅ๐ฅ๐ข๐จ๐ง manufacturing goods in 2022. (Source: https://lnkd.in/eGzN6JTV) โข American manufacturing growth outpaced the rest of the worldโs at the end of 2022. Additionally, in 2022, for the first time since the late 1970s, U.S. employment in manufacturing surpassed the peak set during the previous business cycle. (Source: https://lnkd.in/eEnqc-w2.) โข In 2021, of the $๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง that companies spent on R&D, more than half ($๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง) was spent by the manufacturing industry. (Source: https://lnkd.in/eTWxGwex) If you want a high-resolution version, let me know in the comments! ๐ ๐๐๐ฉ ๐ ๐๐ง๐๐ซ๐๐ญ๐๐ ๐๐ฒ:ย https://lnkd.in/eFvekxMS ******************************************** โขย Followย #JeffWinterInsightsย to stay current on Industry 4.0 and other cool tech trends โขย Ring the ๐ for notifications!
So what are the negative metrics you're leaving out. I live in NY State, the imperial , leftist regime, where we've lost manufacturing jobs at what seems like a staggering rate, what about nationwide? How many mfg jobs are still leaving the US, maybe not as many to China, but now to Mexico & other countries?
Would love to see this map from Europe too ;)
Manufacturing matters!!
So many great insights in this post, Jeff! This one grabbed my attention: ๐๐ฏ๐๐ซ๐๐ ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฌ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐.๐. ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐ข๐ฌ ๐๐.๐% ๐ก๐ข๐ ๐ก๐๐ซ ๐ญ๐ก๐๐ง ๐ญ๐ก๐๐ญ ๐๐จ๐ซ ๐ญ๐จ๐ญ๐๐ฅ ๐ฉ๐ซ๐ข๐ฏ๐๐ญ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒย ๐
What does this sharp East-West dividing line correspond to? Is it due to the administrative demarcation of the states? To a abrupt change in the type of terrain?
If $326 billion was spent on R&D in the manufacturing industry in 2021 how much needs to be spent to make EVs a viable form of transportation taking in all factors in that evidently nearly half of EV owners said that they will not buy another EV next?
Thanks Jeff Winter for this valuable insight The US manufacturing sector is the engine that powers our economy. Employing 12.8 million people and contributing $2.89 trillion to GDP, itโs a cornerstone of economic strength. Higher average compensation reflects its significant value. The sectorโs growth and the $326 billion investment in R&D underscore its role in driving innovation and progress. These numbers affirm the vital importance and future potential of manufacturing.
For such a large impact, manufacturing still hasn't shed it's negative reputation and especially amoung young people, it is rarely a 'first job' destination. That is why I published www.industry4.me to get kids and their parents at least talking production...a window into a world many have never seen firsthand!
Where can I get this as a poster?๐