Admittedly, things have been a bit shaky in the U.S. manufacturing sector recently…
After all, the relocation of several American-based companies overseas was bound to take its toll.
Despite all the obstacles thrown our way, however, those of us in the field continue to do our part to stabilize an industry that remains strong.
It was this very resilience, in fact, that led to the positive numbers we’ve been seeing come out of the sector over the past few weeks!
Yes, May has indeed been a good month for the manufacturing sector as relevant data reports a light surge in the field after a bout of recent stagnation.
But what does all this mean for you? And will this sudden burst of industry energy be able to hold in the days ahead? That’s what we want to discuss today…
The manufacturing sector has been on one wild ride over the past several months. That being said, here’s a bit of good news to brighten your day…
As noted above, things are looking good for the U.S. manufacturing industry this month as industry activity looks to be on the uptick after a recent downturn had some in the field a bit concerned.
This is welcome news to all of us in this industry who continue to work to adjust to this constantly changing environment we live and work in on a daily basis.
As further proof of this recent industry incline — in a statement made this past Thursday — the Federal Reserve Bank of Kansas City noted that the Tenth District manufacturing survey’s composite index was currently sitting at minus 1, up from minus 10 in April. (Any reading below zero suggests activity contracted compared with the previous month.)
This particular survey, specifically, gauges manufacturing activity in the western third of Missouri, all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming as well as the northern half of New Mexico. That being said, the national outlook in the manufacturing sector continues to look positive as some predict a manufacturing “renaissance” in the United States as the policies implemented by the Biden administration finally begin to take effect.
As the U.S. government attempts to shore up the economy and protect it from potential geopolitical shockwaves, with subsidies and incentives linked to the Inflation Reduction Act, and CHIPs and Science Act in particular, the result is undoubtedly stimulating manufacturing growth and investment in new facilities.
There has been a growing interest in reshoring manufacturing in the United States in recent years. The COVID-19 pandemic exposed vulnerabilities in global supply chains, leading many businesses and policymakers to reconsider the risks associated with relying heavily on foreign production. The pandemic highlighted the importance of domestic manufacturing capabilities, especially for critical goods such as medical supplies and pharmaceuticals.
To support reshoring efforts, the U.S. government has implemented various initiatives and policies. These include those listed above as well as further tax incentives, grants, and subsidies for companies that bring their manufacturing operations back to the United States. The government has also been working on reducing regulatory burdens and streamlining processes to make it more attractive for businesses to reshore.
U.S. government incentives have also coincided with a clear trend towards diversifying supply chains in the wake of both the COVID 19 pandemic and recent geopolitical unrest, as companies continue to try to futureproof their operations.
… And futureproofing is exactly what’s needed at this time of dramatic transition in the industry.
As the manufacturing industry continues to grow and technically expand, so too do the lists of tools utilized and opportunities available to those of us who find our careers within the sector.
After all, this is not the manufacturing industry of 50 years ago.
Heck, this is not the manufacturing industry of 10 years ago.
In this field, things move quickly and if you’re not prepared to keep up with the fast pace, then you are bound to be left behind.
That’s why the team here at Rain Engineering are doing our part to make sure we’re as educated as possible on the latest industry trends and operations, so we can be here for you to make sure we’re all prepared for whatever the future may throw our way.
With a team of highly qualified and certified experts at our disposal, you can rest assured that you have a competent group of industry experts supporting your business’s continued growth and profitability.
… And with experts professionally trained in PA Fundamentals, PA OEE (Efficiency), PA Prod Process, and PA Prod Discrete, we are ready and willing to train YOU on the many aspects of this ever-growing industry too!
With the combined efforts of your team and ours, there’s no limit to the possibilities within our reach.
Needless to say, the manufacturing industry can be a volatile field.
With so many components in effect to make its efforts successful, anything could go wrong and, when it does, things tend to come to a drastic halt.
Despite any upheavals we may experience, however, American are manufacturers. That’s just how it is.
This country was built on the energy and innovation of generations past, and we want to make sure it stays that way those that come after us.
Together, lets do what we can to bring this country’s manufacturing industry back to life so that we can once again produce valuable commodities that are proudly stamped with the words, “MADE IN AMERICA.”
P.S. If you’re interested in learning more about the ins and outs of the manufacturing world, make sure to head over to Rain Engineering’s webpage where you can sign up for our latest trainings and seminar offers.
… And, while there, don’t forget to check out our latest e-learning platform Manufacturing KnowHow and all the things we’re sure it can do for you!