NEW YORK, NY--(Marketwire - Feb 9, 2012) - Global management consulting firm Booz & Company is making its experts available to comment on President Obama's announcement of a wide-ranging package of policies to help create American manufacturing jobs.
In 2011 Booz & Company and the University of Michigan's Tauber Institute for Global Operations conducted a sector-by-sector analysis and an extensive survey of executives on the future of U.S. manufacturing.
- Today, U.S. manufacturers provide about 75% of the products that Americans consume. But that number could soar to 95% within a few years, if business and government leaders take the right actions. Conversely, if the sector remains neglected, that output could fall by half, meeting less than 40% of U.S. demand.
- Manufacturers see resilience in the sector, in spite of today's challenges More than 65% of survey respondents said that they intend to continue investing in new U.S. manufacturing assets and technologies through 2025.
- Although several sectors show the potential for growth, the study found that overall more than 50% of U.S. manufacturing jobs are at risk -- along with nearly 50% of the value added by U.S. manufacturing.
The study authors are available to comment on U.S. manufacturing competitiveness, what policies would likely harm the sector and what would work to turn it around:
"There are four key things that have to happen to make this new manufacturing plan work. It will be challenging, but if done properly manufacturing can once again become a powerful engine for the U.S. economy," say Mayor and Kaushal.
The report "Manufacturing's Wake-Up Call" is available at: http://booz.com/media/file/sb64-11306-Manufacturing's-Wake-Up-Call.pdf