Manufacturing is important and vital for the American economy. In this series, we will be looking at the many ways manufacturing still helps our country. In our first installment, we looked into the history of manufacturing. Today we will be looking at manufacturing today.
Economic Importance of the Supply Chain
In the United States, manufacturing represents 15% of the country’s economic output. This includes cars, aerospace, machinery, and telecommunication. From 2017 to 2018, the number of people employed in manufacturing went up 1.7%, to 11.7 million.
The image below shows the nation’s largest employers by sector, and manufacturing continues to rank in the top five.
So, how does manufacturing fit into economics? Manufacturing is key to the supply chain. The supply chain is the process in which companies manufacture raw materials into completed products for retail. This includes every step from production operators who source the raw goods to assembly operators who operate the machine to forklift drivers and quality assurance inspectors. If one step of the chain is experiencing a shortage of materials or labor, the rest of the steps are affected, which affects the national and global economy.
When supply chains are run properly, they can reduce costs, maximize customer value, and increase competitive advantages. Communication and proactive planning help maintain a consistent flow through the process by ensuring the employees have the supplies needed to be productive during their shift.
Companies that Rely on Manufacturing
Percentage of Workforce that's manufacturing
From 2017 to 2018, the number of people employed in manufacturing went up 1.7%, to 11.7 million.
Manufacturing offers pathways for almost every field. Some individuals begin on a production floor, move to quality assurance, or control, and earn promotions to management or logistics. Engineers and project managers can also excel in this field.
According to , there are six different career pathways within manufacturing. Those different paths are as follows: health, safety, and environmental assurance, logistics and inventory control, maintenance, installation, manufacturing production process development and production, and lastly, there is quality assurance.
There are many ways to climb the ladder of success as a manufacturing worker within any of the six possible manufacturing career paths. While there are some manufacturing jobs that require a bachelor’s degree, there are plenty of entry-level manufacturing jobs that require a high school diploma or at all and can easily lead to upper-level positions with just a little experience and on-the-job training. Many companies offer on-site training to help their workers advance. The level of education and training you need will depend on which company and manufacturing career path you choose.
Sources in this article were found at:
How the Supply Chain Affects the U.S. Economy