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| Executive Advice | |
| By Staci Davidson | |
| Sunday, 14 January 2007 | |
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Although the U.S. manufacturing industry may be struggling more than it has in times past, there is no shortage of people looking for ways to strengthen it. Many believe that one of the main ways for the United States to maintain leadership in the global marketplace is through a dedication to technology. High-tech applications in wide use throughout the industry include robotics, computer-assisted design, radio frequency identification and just-in-time inventory control. But many agree that nanotechnology is the key to keeping the U.S. manufacturing industry competitive. It is likely that the United States will continue to lose ground to lower-wage countries in low-skill manufacturing, but by embracing nanotechnology, the sector may be able to maintain its leadership position in high-tech, highly skilled manufacturing. According to data from Lux Research, by 2014, 10 million manufacturing jobs worldwide will involve nanotechnology, comprising 11 percent of total manufacturing jobs. Data from a September 2006 report from the American Electronics Association showed that high-tech manufacturing employment in the United States added 33,100 net jobs between January and June of 2006, which raised total employment to 1.37 million jobs, a 2.5 increase in the sector. “We need to rely on new materials and innovation to keep the United States competitive,” said Michael Holman, senior analyst for Lux. Even small technology improvements can enhance a firm’s position. This month, Ben Langlinais, part of the Manufacturing Industry Group at EDS, highlights eight major trends that are guiding the way technology is used to benefit a manufacturing operation. “Those of us who live and breathe manufacturing every day know that tomorrow’s needs are essential when deciding on today’s technology,” he writes on page 14. By understanding these trends, the U.S. manufacturing industry will be in a much better position to remain competitive. |
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