The Clinton Herald, Clinton, Iowa

Top News

December 12, 2012

6 things to know about the future of manufacturing

The news that several manufacturing giants are planning to bring some of their production back to the United States has dominated the headlines in recent months. Perhaps that's because Americans see it as a bellwether of economic recovery, or perhaps it simply reflects their collective yearning for America's past industrial dominance. Either way, the interest in these moves demonstrates the unique hold that manufacturing has on the public imagination.

But precisely because it captures our imagination, a powerful belief system has grown up around manufacturing that limits the policy debate as well as the range of strategic options Americans are willing to consider. This will need to change if U.S. business leaders and policymakers are going to make the most of emerging opportunities. Meanwhile, the global manufacturing sector continues to diversify and evolve in surprising ways -- as the return of some manufacturing production to the United States indicates. Understanding this evolution is the key to the future.

Indeed, we see the potential for a new era of manufacturing growth, fueled by innovation as well as new sources of demand. But we also see an era that is fraught with new challenges that call for strategies and policies based on actual knowledge of manufacturing -- not blind faith in conventional wisdom. Here are six things you need to know about the future of manufacturing.

1. Manufacturing is dynamic

The role of manufacturing in any economy isn't static. By providing the tools to raise agricultural productivity, build critical infrastructure and lift populations out of rural poverty, manufacturing remains the clear path to economic development. But once countries climb from developing to middle-income status (around $10,000 in GDP per capita), their economies become more diverse. At later stages of development, more consumers can afford to spend money on services, making that sector the fastest-growing sector in the economy.

Text Only
Top News
  • Taylorville couple wins $20M lotto jackpot

    A Taylorville couple has celebrated winning a more than $20 million Illinois Lottery drawing.

    Steve and Wilma Durbin were presented with their winning check Thursday afternoon at a grocery store in the central Illinois city where they purchased the ticket. The couple took a lump sum payment of $8.1 million after taxes.

    The Taylorville Breeze-Courier reports the Durbins hit the jackpot in the April 10 Illinois Lotto drawing. That was just two weeks after they were married.

    April 17, 2014

  • Branstad signs school radon bill into law

    The Iowa Department of Education must gather information from schools about whether they are testing for radon gas under a bill Gov. Terry Branstad has signed into law.

    Branstad signed the bill Thursday to require school districts to tell the department about radon testing by the end of this year. The department must then report to the Legislature by January.

    April 17, 2014

  • VIDEO: Boston bomb scare defendant appears in court

    The man accused of carrying a backpack containing a rice cooker near the Boston Marathon finish line on the anniversary of the bombings was arraigned Wednesday. He's being held on $100,000 bail.

    April 17, 2014

  • Lindley, Tom.jpg Golf turns into snooze-fest without celebrities like Tiger and Phil

    The Masters lumbered on last week without two of pro golf's biggest names, Tiger Woods and Phil Mickelson, and fans changed the channel. The PGA needs someone with star power if it's going to lure people back to the game.

    April 17, 2014 1 Photo

  • The case for separate beds

    The other night I slept on a twin bed in the guest room of the house I share with my husband and our two kids.
    It was the best night's sleep I've had in years.

    April 17, 2014

  • Raw oysters spike U.S. rise in bacterial infections, CDC reports

    Raw oysters, so good with hot sauce, increasingly can carry something even more unsettling to the stomach: A bacteria linked to vomiting, diarrhea and pain.

    April 17, 2014

  • Consumer spending on health care jumps as Affordable Care Act takes hold

    Nancy Beigel has known since September that she would need hernia surgery. She couldn't afford it on her $11,000 yearly income until she became eligible for Medicaid in January through President Barack Obama's signature health care law.

    April 17, 2014

  • Astronomers spot most Earth-like planet yet

    Astronomers have discovered what they say is the most Earth-like planet yet detected — a distant, rocky world that's similar in size to our own and exists in the Goldilocks zone where it's not too hot and not too cold for life.

    The find, announced Thursday, excited planet hunters who have been scouring the Milky Way galaxy for years for potentially habitable places outside our solar system.

    April 17, 2014

  • Defend 'Obamacare' unabashedly, some Democrats say

    With enrollments higher than expected, and costs lower, some Democrats say it's time to stop hiding from the president's health care overhaul, even in this year's toughest Senate elections.

    Republicans practically dare Democrats to embrace "Obamacare," the GOP's favorite target in most congressional campaigns. Yet pro-Democratic activists in Alaska are doing just that, and a number of strategists elsewhere hope it will spread.

    April 17, 2014

  • Search for Chicago site for George Lucas museum

    As Yoda might say: A site for a museum you must find.

    Those are the marching orders Chicago Mayor Rahm Emanuel is giving a dozen civic leaders as the city searches for a potential location for an interactive museum to house filmmaker George Lucas' collection of art and filmmaking memorabilia.

    April 17, 2014

AP Video