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August 2017

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Manufacturing Industry Critical to Economic Prosperity



According to the 2017 Manufacturing Perceptions Survey from Deloitte and The Manufacturing Institute, the vast majority of surveyed Americans believe manufacturing plays a vital role in safeguarding U.S. economic prosperity and maintaining their quality of life. The study found 76% of Americans surveyed believe the U.S. should invest further in the manufacturing industry.

"Modern manufacturing has captured the imagination of the American public and our elected leaders," said Jay Timmons, President and CEO of the National Association of Manufacturers. "This important research indicates public opinion of the future of the industry has taken a measurable, positive jump as people acknowledge the strong connection between this industry, the U.S. economy and the American way of life. As we have done with our Creators Wanted video series, manufacturers are taking it upon themselves to tell the story of our industry and the lives we touch; it is encouraging to see that our story is resonating."

"More people understand modern manufacturing is high-tech," added Seema Pajula, Deloitte & Touche LLP and Vice Chairman, Deloitte LLP. "They expect jobs to involve innovation and advanced technology in the future, which is progress for the industry in realigning the image of what modern manufacturing looks like to the general public."

The Study's Findings

  • Among those surveyed, 83% believe U.S. manufacturing is critical to economic prosperity, and 81% feel it is important to maintaining their standard of living.
  • Eighty-one percent of Americans also believe trade and export of American manufactured goods benefit the U.S. economy.
  • Seventy-six percent of respondents believe the U.S. needs a more strategic approach to developing its manufacturing base; the same number (76%) believe the U.S. should further invest in the manufacturing industry.
  • Seventy-one percent of respondents believe that the U.S. should ensure long-term, stable funding for programs that spur innovation and advanced manufacturing.
  • Nearly 9 in 10 (88%) respondents expect future manufacturing jobs will require a higher level of technical skill, and 77% expect manufacturing jobs will require less manual labor.
  • Eighty-one percent of respondents believe that future manufacturing jobs will occur in cleaner and safer environments.
  • Nearly two-thirds (64%) of respondents believe the U.S. manufacturing industry is already high-tech, up from 43% in the 2014 survey.
  • Parents of school-age children, people of Generation X and those most familiar with manufacturing (i.e., people who have worked or are working in the manufacturing industry) see manufacturing as the number one most preferred job-creation engine in the U.S.
  • The overall public ranked manufacturing third, just after technology development centers and health care facilities, in terms of the country's leading sectors for job creation.

"Helping Americans' perceptions of manufacturing catch up with reality is a vital step in addressing the skills gap, as the U.S. manufacturing industry continues to create diverse jobs involving advanced technologies and innovation," said Michelle Drew Rodriguez, Senior Manager, Deloitte Services LP. "The demand for these high-skilled positions is expected to soar over the next decade with 3.5 million manufacturing jobs becoming available between 2015 and 2025 as the industry evolves and baby boomers continue to retire."

For more information contact:

Deloitte

www.deloitte.com

The Manufacturing Institute

www.themanufacturinginstitute.org

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