Fall and Rise
In David Lawrence’s and Glenn Anderson’s recent Manufacturing.net article on ‘The Fall and Rise of the American Manufacturer’, the authors are rather optimistic about the current state of U.S. manufacturing. Citing the Institute of Supply Management indicators of manufacturing activity expansion for 19+ consecutive months and their own observations from surviving their 125-year old employer, Cincinnati Milacron, filing Chapter 11 bankruptcy in 2009 and emerging one year later to thriving profitability and bolder investments in innovation, the authors believe manufacturing is now fueling a sustainable economic recovery from the global recession.
Many economists agree, and in the world of public opinion, a recent survey by Delloitte and The Manufacturing Institute showed that 78% of Americans believe that U.S. manufacturing is vitally important to our economic prosperity and 76% believe it is also important to our standard of living. The survey ranked manufacturing ahead of technology, financial services, health care, communications, and retail. My own optimism is checked by one key consideration required for long term success: Is it SUSTAINABLE?
Tags: bankruptcy, China, Cisco, David Lawrence, Delloitte, Glenn Anderson, global economy, Japan, Manufacturing, Manufacturing.net, Milacron, National Association of Manufacturers, sustainable, The Manufacturing Institute