Us Manufacturing Importance Infographic

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Top 12 drivers of global Important to a strong

manufacturing competitiveness 4 manufacturing innovation


ecosystem:2
Manufacturing: The foundation for America’s success 5. L
 egal and
9. Innovation
 xcellent research talent
E
1. Talent policy and
The manufacturing industry is propelled by advanced technologies and constant innovation. regulatory system and infrastructure
infrastrcuture
It plays a key role in enhancing economic prosperity through increased productivity, raising
2. Cost 6. Education 10. Energy
GDP output, and creating higher-income jobs. competitiveness infrastructure policy
US advanced manufacturing Top-notch
Manufacturing fuels the US and technology accounts for 11. L
 ocal market tech firms
3. Workforce 7. Physical
economy by creating jobs and 90% of private-sector productivity infrastructure attractiveness
driving advancements in technology research and development
and it also employs 80% of 4. Supplier
8. Economic, 12. Healthcare Strong VC
Manufacturers contributed $2.17 T the nation’s engineers2 trade, financial system
Dedicated
network investments industrial
to the economy, which is nearly and tax system
clusters
12.1% of the US GDP1
Top manufacturing competitive nations (by 2020)4 High-performing
manufacturers outperform
Advanced manufacturing and their peers by focusing on:5
technology supports more than
For every $1.00 spent
40.0 million US jobs2 brand and reputation
in manufacturing, another
$1.81 is added to the new markets and new
economy—the highest customers while improving
price competitiveness
multiplier effect of any 3 4
economic sector1 talent as a key
1
2 competitive advantage
The average manufacturing
Americans
worker in the US earned advanced technologies
value a strong 5
$81,289 annually, while and innovation while
manufacturing sector3 enhancing cybersecurity
the average worker earned
$63,8301 and guarding intellectual
property

83% 81% 1. US
2. China
3. Germany
believe manufacturing is:
4. Japan
very important important 5. India
to America’s to maintain
economic Americans’
prosperity standard
of living
US manufacturers face significant
talent challenges given the widening
skills gap6
About 8
in 10
Americans believe that As the digital and
80% 48% 52%
Over the next decade nearly
the physical worlds
future manufacturing jobs
will be more innovative
3.5 million converge the risk
manufacturing jobs of a cyber breach
Innovation requires higher will likely be needed and
technical skills, creativity, and increases or more of surveyed of executives of executives surveyed
Leading factors:
problem solving capabilities
while being more clean and safe 2 million are • Retirement of baby boomers
manufacturers’ value
can be constituted by
surveyed are not
confident they are
indicate their connected
products are able to
due to automation and reduced expected to go unfilled • Strength of the economy their IP8 protected from store and/or transmit
manual labor due to the skill gap • Attractiveness of the industry external threats7 confidential data. Only
55% encrypt such data…7
Sources: Contacts:
A report by the Deloitte Center for Industry Insights

Craig A. Giffi Trina Huelsman


1 5

Top 20
Vice Chairman Vice Chairman
US Automotive Leader US Industrial Products &

Facts
 op 20 Facts About Manufacturing,
T  igh-performing manufacturers: Where they play and how they win,
H
National Association of Manufacturers Deloitte University Press Deloitte LLP Services Leader
Advanced Technologies Initiative cgiffi@deloitte.com Deloitte & Touche LLP
Manufacturing & Innovation
High-performing manufacturers
thuelsman@deloitte.com
2 6
Where they play and how they win

Duane Dickson Robin Lineberger


 dvanced Technologies Initiative: Manufacturing and Innovation,
A  he skills gap in US manufacturing,
T Vice Chairman Principal
Deloitte LLP and US Council on Competitiveness Deloitte LLP and The Manufacturing Institute Global and US Chemicals & US and Global Aerospace and
Specialty Materials Leader Defense Leader
Deloitte Consulting LLP Deloitte Consulting LLP
3 7
rdickson@deloitte.com rlineberger@deloitte.com

 ublic perception of manufacturing,


P  yber risk in advanced manufacturing,
C
Deloitte LLP and The Manufacturing Institute Deloitte LLP and MAPI
Michelle Drew Rodriguez
Manufacturing Insights Leader
4 8
Cyber risk in advanced
manufacturing Deloitte Center for Industry Insights
Deloitte Services LP
 lobal Manufacturing Competitiveness Index,
G  he hidden costs of an IP breach: Cyber theft and the loss of intellectual property,
T midrew@deloitte.com
Deloitte LLP and US Council on Competitiveness Deloitte University Press

Additional resources:

Safeguarding the internet of things: Being secure, vigilant, and


Industry 4.0 and manufacturing ecosystems: Exploring the world of connected enterprises
resilient in the connect age

When tax meets technology: Tax implications of Industry 4.0


The rise of the digital supply network: Industry 4.0 enables the digital transformation of supply chains

Deloitte Center for


Industry Insights

Deloitte
About the Center for for Industry Insights
Deloitte Center

Industry Insights
The Deloitte Center for Industry Insights (the Center) is the research division of Deloitte LLP’s Consumer and Industrial Products practice. The Center’s goal is to inform
stakeholders across the consumer business and manufacturing ecosystem of critical business issues including emerging trends, challenges, and opportunities. Using
primary research and rigorous analysis, the Center provides unique perspectives and seeks to be a trusted source for relevant, timely, and reliable insights. To learn more,
visit www.deloitte.com/us/cb and www.deloitte.com/us/manufacturing.
Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities.
DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United
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affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about
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Copyright © 2017 Deloitte Development LLC. All rights reserved.

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