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Samantha Wieczorek THE FUTURE OF THE MANUFACTURING INDUSTRY.

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Presentation on theme: "Samantha Wieczorek THE FUTURE OF THE MANUFACTURING INDUSTRY."— Presentation transcript:

1 Samantha Wieczorek THE FUTURE OF THE MANUFACTURING INDUSTRY

2  Methodology  Background  Question at Hand  Employment Trends  Reason for Employment Trends  Manufacturing Today AGENDA

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

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  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 BACKGROUND

6 Learning Technology Services Inspiring Innovation. Learn more at www.uwstout.edu 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

7 MANUFACTURING EMPLOYMENT Source: Bureau of Labor Statistics

8  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 MULTIPLIER EFFECT

9 TREND & IMPACT Move Back to the U.S. Despite competitive wage, manufacturing employment is not sought after Manufacturing to underdeveloped countries continues More companies have shifted back to the U.S., but jobs are not coming with

10 QUESTIONS?


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