United States expected to lead as the top manufacturing nation by 2020, according to Deloitte report

Discussion in 'The Economy' started by AMDR, Dec 5, 2015.

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  1. AMDR

    AMDR Captain Staff Member Administrator

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    "WASHINGTON, Dec. 4, 2015 /PRNewswire/ --The United States is expected to become the most competitive manufacturing nation over the next five years, with the current leader China sliding into second position, according to the upcoming 2016 Global Manufacturing Competitiveness Index report from Deloitte Touche Tohmatsu Limited's (Deloitte Global) Global Consumer & Industrial Products Industry group and the US Council on Competitiveness (Council)."

    "The ability of the United States to take the top spot may be largely due to the country's investment in research, technology, and innovation, which enhances the competitiveness of its industries and drives economic development, according to the study Advanced Technologies Initiative: Manufacturing & Innovation, a 2015 report also published by Deloitte Global and the Council."

    Rest of the report here: http://www.prnewswire.com/news-rele...0-according-to-deloitte-report-300188091.html

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    And still people continue say that American manufacturing is dead and gone, a relic of the 20th century.

    Back from the dead baby! :cool:
     
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  2. Falcon

    Falcon Major Staff Member Social Media Team

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    Countries like China, India, and Taiwan have industry as well but we have industry and innovation. They build what we invent or sometimes copy what we invent. We need to be able to protect our industry from being victims of industrial espionage by foreign nations. We spend billions on research for them just to spend millions on hackers who steal our trade secrets. The safer we keep our secrets the more successful our industry will be.

    Use this site to find U.S suppliers people
    http://www.thomasnet.com
     
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  3. AMDR

    AMDR Captain Staff Member Administrator

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    This will, atleast to me, be the defining question that will either make or break the economy of the United States in the 21st century.

    History time:
    During the early-mid 1800s Great Britain was considered to be the epicenter of the industrial revolution, with huge advancements being made in engineering innovation. Mainland Europe, even though they had limited access to leaked British industrial tech, could not industrialize anywhere close to the level Britain had by 1840, mostly because they were still recovering from the Napoleonic wars and had lack of industrial resources.

    This leaves the United States, a relatively new but fast expanding nation with vast amounts of resources, prime for industrialization. In 1789 Samuel Slater illegally brought British cotton spinning technology to the United States, and in 1863 Alexander Lyman Holley brought the Bessemer process from Britain to the US. These two industries, textiles manufacturing and steel, were improved upon in the United States and became the basis for the rapidly accelerating American economy.

    By 1872, the United States had surpassed Great Britain as the worlds largest economy.

    Sure, there are many other factors than just technology theft that led to rapid industrialization in the US. But history I think is teaching us an important lesson that is extremely relevant today, given the fact that the US manufacturing edge over the rest of the world is so reliant on the development of new technology. "Protect your innovation edge at all costs"

    Luckily the US reached its "Sputnik moment" with cybersecurity a couple years ago when the Chinese ramped up their hacking program. Now all you see in the news these days is "Cyber this" and "Cyber that", nonstop 24/7 in both the military and civil areas.
     
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  4. Rene Atthowe

    Rene Atthowe Officer Candidate

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    Textile and steel mills are two most important factors on this development if happen.
     
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