Making manufacturing great again would add $530 billion to GDP

By U.S. News & World Report

Nov 22, 2017

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The U.S. manufacturing sector has weathered a bumpy road over the course of the past two decades – but successfully righting the country's industrial ship would mean an economic windfall of $530 billion, according to a new report from The McKinsey Global Institute.

By utilizing new and technologically advanced design tools, adding greater emphasis to digital and online capabilities, offering more customization rather than focusing simply on mass production, and further embracing factory streamlining and automation, the report suggests manufacturing's footprint on the U.S. economy could expand 20 percent by 2025. Providing more resources to smaller manufacturers and implementing nationwide advanced manufacturing skills training programs were also cited as necessary for propelling industrial production forward.

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