THE FUTURE OF AMERICAN MANUFACTURING


Dr. John Psarouthakis

Executive Editor

 

Let me illustrate by looking at three pivotal industries: motor vehicles; electronic computing equipment; and machine tools. In the past couple decades the share of the domestic market held by domestic manufacturers producing in domestic plants has declined from approximately 80% to about 50% for motor vehicles, from 90% to below 60% for computing equipment, and from 80% to below 60% for machine tools. In recent years there has been a move toward recovery.

It is hoped that we can find a way to put our talents together to deal with the very real problems facing manufacturing in the USA. My purpose here is to suggest ways to do so.

We have one relatively simple decision to make: do we accept the current situation, continuing the decline in our manufacturing base or do we recognize that manufacturing and industries which support our manufacturing base are critical to our position in a global economy and commit intellectual and financial resources to improve our manufacturing base?  Recognizing the situation and doing something about it, however, are two very different issues.

Nevertheless, manufacturing accounts for nearly 20% of our Gross National Product, as it has for about 40 years. There is a much lower percentage of the total work force employed in manufacturing, but they are responsible for a large part of our economy.

In addition, our burgeoning service industries are in fact dependent greatly upon manufacturing. About half of all U.S. service employment is tied to manufacturing related activities.

There is a second reason why manufacturing really matters. Most if not all of us to some extent value the principles, “free” market economic system, and political structure of our nation. Some of us also feel it is important that we remain influential and powerful

in an uncertain and sometimes dangerous world. We cannot maintain our influence on the world affairs, if we become a second rate industrial power. While I don’t see us in the same context as colonial Great Britain, the declining influence of Britain for years was in part due to its neglect of its technological and industrial bases.

If we value our political and economic systems, we must strengthen and enhance our manufacturing base. But what are the specific tasks we need to address? As I see it, there are three tasks to be addressed. First, we must improve manufacturing related technology development and deployment. Second, we must improve the art of managing our manufacturing base. And, third we must “up-grade” and strengthen our human resources in manufacturing.

I often write about abundance, bold thinking, optimism, problem-solving and gratitude mindsets…..

I often write about abundance, bold thinking, optimism, problem-solving and gratitude mindsets… I state confidently that this can be the greatest time ever to be alive.But it can only be the greatest time if we systematically unlearn the conscious and unconscious biases that still subject so many to discrimination, prejudice, and violence.The events of this past week have shown us the extraordinary pain, anxiety, and collective anguish that have been inflicted upon our fellow citizens for too long.It can’t be swept away, rationalized or ignored. It is real.Whether it’s violence on lives of those we have lost—George Floyd, Breonna Taylor, Ahmaud Arbery, among many others before them—or wrongful accusations and presumptions of guilt on the basis of race, these unconscionable crimes must be addressed.And while I know that I will never be able to fully understand the pain myself, I can empathize and I can commit to taking a stand on the side of social justice.I have often taken a non-political stance, focusing on the proliferation of entrepreneurial ingenuity and technological innovation that drive abundance across our world— independent of political whims.Ultimately, however, this is no longer a political issue. It is a moral one. One that stands at the core of our shared humanity, our ability to lift each other up as we pursue a future that is hopeful, compelling and abundant for all.And for those who refuse this moral lens, technology will help fill the gaps and level the playing field. Today, we are living on a planet with a trillion sensors (and growing), imaging everything, everywhere, all the time. Crimes against humanity and oppression of people will no longer live in the shadows.It is time for our civilization to evolve FROM a competitive, scarcity and hyper-local mindset, TO a collaborative, abundance and global mindset.It is time for us (myself included) to deeply listen, further educate ourselves, and take new levels of empathetic action.With respect,
Peter Diamandis email
© PHD Ventures, 800 Corporate Pointe, Culver City, California, 90230, United States
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You can’t predict the future; you have to invent it. What are your views??


The Leader-Manager’s role requires a clear vision to be successful. There is a constant need to challenge the status quo, but there is also the need to maintain a connection to the Next Worthwhile Goal. The key and daring thing is to know when to let go of the present and move to the future. If we understand the industries and markets we operate in, perhaps we do not know the future, but our knowledge and experience should help us to define within the context that we can design our strategy(ies) to move us forward successfully.   

Invent the future? I think that is what exceptional leader-mangers do. Indeed more often than not such leaders create-invent the future.

You have to invent a future that provides revenue opportunities today. This is the dilemma of innovators, corporate or humanitarian. How to find an audience that doesn’t exist yet? There is only so far in front you can go to remain intelligible to your base.

This speaks to the value of building a diverse team. Different people have different skills. Rather than force everyone into a mold, harness them together. This too brings challenges, at least within a confined system. Turning to an open-ended paradigm where the organization itself is open to reinvention, on some level, is an interesting model more proposed than applied.

Nowadays, we hope that the ‘future invented’ will be an environmentally sustainable one, since any one that is not does not belong to the future.

 Yes, I fully agree with you that we have to invent the future. Everyday I get up with one thought in my mind that “Okay this will be the best day of my life”..but it has not happened for the past 2 years..But still all man kinds..you know..HOPE makes you still alive..ready to battle with ruff life…but we can not predict the future..it can only be invented..We always have to think positive manner in right directions…so at last we will reach at our goal…what says….

 In the last few years the development of chaos theory has had an effect in Management. It may be easy for a leader to work on and influence the primary or even secondary causes, but beyond that it becomes unstable. The tertiary causes are many and unpredictable. Therefore, to pinpoint the levers of influence that change the course of future is very hard. Having said that, it is safe to assume that serendipity eventually pays. Yes. one can invent the future. But timing and the course is still not controllable.

No one was waiting for Nespresso, Mobile phones, 25 pounds laptops, X-Rays, Penicillin, Post-it-notes, the Ford Edsel and the Ford Mustang, SUVs and pickup trucks etc etc
Yet, it happened.
What did it take for it to happen? Next to extraordinary people and extraordinary circumstances, extraordinary processes must have been at work.

If any of these Key ingredients (TM) is missing, the idea does not blossom.

The thing is: can you create processes that will deliver the future on a recurrent basis? If not how close can you get to it?