Sustainable and inclusive growth is critical to America's future.
Manufacturing advancements and unprecedented demand are reshaping the industry and creating new possibilities for industry participants.
The future of America is dependent on inclusive and sustainable progress, and technology plays a critical role in this. That is, changing from twentieth-century production to twenty-first-century manufacturing. Because supply restrictions and a lack of resilience in the American supply chain have been unpleasant and damaging, this is a wonderfully exciting chance to make this shift. On the other hand, it has hastened many organisations' efforts to utilise automation and sophisticated analytics to modernise their production and supply chains.
Companies that have led the way in technological innovation have produced more jobs. Some job categories may shrink in size, but when businesses increase productivity and growth, they generate more employment of various sorts.
One of the most exciting pieces of work in this space is the World Economic Forum's study, which identified around 90 distinct production locations or supply chains throughout the world that are at the vanguard of embracing Industry 4.0, or Fourth Industrial Revolution, technology such as automation.
Without a doubt, the most pressing problem confronting the industry is that people are their top priority, and this is true across the board, but especially in manufacturing, where some of the shortages witnessed today began before the pandemic and have just gotten worse.
The manufacturing sector attempts to persuade American employees that manufacturing is an exciting, high-tech profession with long-term career opportunities. And that is a significant shift from the thinking of yesteryear's manufacturing.
There is an old-fashioned perception of manufacturing as a tedious and demanding job. And while automation may eliminate specific jobs, it will also generate new jobs that are far more high-tech than previous jobs and, frankly, less tedious.
Automate the monotonous tasks and the unclean and hazardous tasks. And if you do that, today's manufacturing worker is genuinely functioning in a high-tech environment. It is, in fact, an exciting career.