U.S. Manufacturing Overview
Despite many reports that manufacturing in this country is dying, American manufacturers still produce more goods today than at any other time in history. Learn more about U.S. manufacturing below:
- U.S. manufacturing is the world's 8th largest economy
- U.S. manufacturing pumps over $1.4 trillion into the U.S. economy each year.
- It generates an additional $2 trillion in economic activity annually.
- The United Staes is the #1 destination for foreign direct investment.
- For every dollar of manufactured goods produced, an additional $1.37 of economic activity is generated.
- The U.S. manufacturing sector lead in innovation:
- Accounts for 57% of industrial R&D
- The new products and processes developed in manufacturing contribute significantly to U.S. competitiveness, economic leadership and the current high standard of living.
- $1.5 billion of containerized shipments pass through U.S. ports each day.
- U.S. ports and waterways handle more than 2 billion tons of domestic and import/export cargo annually.
- By 2020, forecasts predict that the U.S. transportation system will handle cargo valued at more than $28 trillion, of which $4 trillion will pass through our nation's ports.
Sources:
- The Manufacturing Institute, National Association of Manufacturers and RSM McGladrey Inc., The Future Success of Small and Medium Manufacturers: Challenges and Policy Issues
- Gartner, Forecast: Manufacturing IT Spending, Worldwide, 2005-2009
- U.S. Census Bureau of Labor Statistics
- Manufacturing Construction FMI Corp.
- U.S. Machine Tool Consumption: A joint statistical program of AMT and AMTDA
- Council of Supply Chain Management Professionals
- American Association of Port Authorities
Manufacturing & Supply Chain Brands
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