The Wall Street Journal recently asked three experts their opinions on the manufacturing industry. The WSJ cited new energy realities and technological developments as key factors reshaping this sector of the economy. With this in mind, the WSJ asked The Experts: Do you anticipate a major manufacturing revival in the United States—why or why not?
While the results were mixed, the experts cited technological advances, the costs of energy, near shoring, advanced automation, and a skilled work force as key drivers in the manufacturing revival. This is consistent with feedback from O’Neal’s clients that are investing in capital projects to expand their manufacturing footprint in the United States.
Most importantly, manufacturing still matters to the United States. As the article points out, manufacturing is a $2.08 trillion industry domestically.
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