Fwd: America's Real Manufacturing Advantage

---------- Forwarded message ----------
From: ramnath narayanan <ramnath.narayanan1@verizon.net>
Date: Wed, Jan 22, 2014 at 12:59 AM
Subject: America's Real Manufacturing Advantage
To: ramnath narayanan <ramnath.narayanan1@verizon.net>

 

 

Dear Friends:

 

Since software innovation is about to transform industry and give the US the chance for a lasting edge over China in manufacturing, can India too, also a leader in software development, along with the US soon enter the "manufacturing renaissance," adding millions of new and well-paid jobs, unwind its long-standing trade deficit, and usher in a new era of growth and prosperity?

 

Ram

 

http://www.strategy-business.com/article/00240?pg=all

 

 

America's Real Manufacturing Advantage

A new wave of software innovation is about to transform industry—and give the United States the chance for a lasting edge. See also America's Manufacturing Advantage—In Pictures.

by Helmuth Ludwig and Eric Spiegel

All images courtesy of Siemens unless otherwise noted.

The industrial sector in the United States is rebounding. Manufacturers are boosting output, building new plants, increasing exports, and creating better-paying jobs that require precise skills—and in the process are helping lead the U.S. out of the long, stubborn slump that followed the market disruptions of 2007. A growing number of political and business leaders, economists, and commentators are taking notice, and talking about a domestic "manufacturing renaissance." Some are saying it could add millions of new and well-paid jobs, unwind the U.S.'s long-standing trade deficit, and usher in a new era of growth and prosperity. This is a welcome point of view—much more beneficial than the idea, formerly in vogue, that the country could survive on services and finance, without much of a manufacturing industry. But it is, nonetheless, an incomplete point of view. Many of these manufacturing optimists are basing their forecasts mainly on transitory changes in energy supply and relative labor costs that are not likely to provide the kind of long-term improvements they envision.

We are hopeful about the future of manufacturing in the U.S. for a more fundamental reason. It is the economy best positioned to seize on deeper changes that can lead to a real, sustainable manufacturing renaissance, one based on software technology and its profound effect on the entire manufacturing value chain

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