Innovation, Manufacturing, and American Competitiveness

For the United States to maintain a strong manufacturing base in the face of an increasingly globalized world, it is critical for it to remain highly innovative.  Deloitte Touche Tohmatsu and the U.S. Council on Competitiveness recently partnered to release the 2010 Global Manufacturing Competitiveness Index to explore how nations can achieve superior manufacturing competitiveness.  The report contains results from a survey of 403 CEO’s and senior manufacturing executives who rated talent-driven innovation as the most important indicator for increasing manufacturing competitiveness.

In addition to the findings of the survey, the report concludes that, “the global competitive landscape for manufacturing is undergoing a transformational shift that will reshape the drivers of economic growth, wealth creation, national prosperity and national security.”  The study also notes that manufacturing will continue to be an essential source of employment for years to come.

Posted by: Joshua Nickell

Sources: U.S. Council on Competitiveness, Deloitte Touche Tohmatsu

Photo Credit: Motor Manufacturing on flickr Commons courtesy of The National Archives UK Photostream

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