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The Future of the Manufacturing Industry

The Future of the Manufacturing Industry. Samantha Wieczorek. Agenda. Methodology Background Question at Hand Employment Trends Reason for Employment Trends Manufacturing Today. Method . Scholarly articles & interviews with industry professionals

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The Future of the Manufacturing Industry

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  1. The Future of the Manufacturing Industry Samantha Wieczorek

  2. Agenda • Methodology • Background • Question at Hand • Employment Trends • Reason for Employment Trends • Manufacturing Today

  3. Method • Scholarly articles & interviews with industry professionals • Analyzed trends that have companies rethinking their supply chains • Focus of employment is in the Manufacturing Sector only

  4. Research Questions? • Has the Decline in Manufacturing jobs been solely due to Globalization? • What is the Current Trend in the Manufacturing Sector? • How will this impact the U.S. Economy?

  5. Background • U.S. has had strong industrial background since the late 1700’s. • Plants were large in scale in both human capital & size • Encompassed 34% of all jobs in 1930’s. • Decline in blue collar jobs have caused many to think that globalization is to blame for our slowly recovering economy

  6. Reasons For Decline • Globalization • Industrial V Service Economy • Education levels Increase • Technology Advancements • Increase productivity, lowers demand for human capital • Political Influences • War in Afghanistan • War on Terrorism Learning Technology ServicesInspiring Innovation. Learn more at www.uwstout.edu

  7. Manufacturing Employment Source: Bureau of Labor Statistics

  8. Multiplier Effect • 1 in 6 private Sector Jobs depends on Manufacturing • Role Types • Construction • Mining • Transportation • Warehousing • Manufacturing supports 18.6 million jobs in the U.S. • 11.8 Million directly in Manufacturing

  9. Trend & Impact

  10. Questions?

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