The Diminishing Effect of Buying Imports VS Investing in U.S. Made

May 11, 2022

Source: “The Diminishing Effect of Buying Imports VS Investing in U.S. Made” by MadeInAmerica.org

The Diminishing Effect of Buying Imports VS Investing in U.S. Made, a recent article from MadeInAmerica.org, explains that the manufacturing industry is an extremely important part of the U.S. economy. It provides approximately 12.85 million jobs, and manufactured goods make up about half of U.S exports. According to the Bureau of Economic Analysis, domestic production drove 11.6% of the U.S. economy’s output in 2018:

Manufacturing goods here in the U.S. also affects many local businesses and people. The return of the dollar spent on American goods and manufacturing is $2.89. When we use our money to keep investing in products made in the U.S., it compounds and helps the businesses all around us. To keep the industry growing, it is pivotal for new technologies to be implemented. Resources should be used to invest in things like 5G, artificial intelligence, and IoT. However, people must know how to design, use and fix those technologies. So, while manufacturing provides many jobs, it is seeing a decline in applicants that are qualified for them, which will likely cost the industry billions.

Over the next few years, the U.S. manufacturing force will need to solve this skills gap, keep domestic manufacturing prominent and improve it. To learn more about manufacturing in the U.S., visit Made In America.

The Latest

Check out the most recent posts

Mentor Programs Improve Employee Experience

Mentor Programs Improve Employee Experience

Mentor programs in the workplace are often used to integrate new employees into their new role. However, a mentoring program is also important for ongoing employee satisfaction and retention, as well as building an overall positive company culture.

Value Propositions to Consider when Buying Paper

Value Propositions to Consider when Buying Paper

Paper is one of the most utilized tools in the workplace and is likely a large part of a business’s spending, so the price of paper is a main concern. However, price is just one component of the total cost of buying and consuming paper. Other factors that impact cost include performance, consistency, appearance, and manufacturer support.

Top selling claim measured by NPD Group, a global leader in market research and customer insight; Total Boise Paper brand revenue from January 2014 – November 2017