CEC recognizes and thanks our manufacturing clients and all manufacturers on Manufacturing Day (being celebrated on October 4 this year). We thank them for their contributions to the U.S. economy, for the products they manufacture, and for the long-term relationships that we’re honored to have established with them. CEC is proud to provide our services in support of our manufacturing clients’ operations and growth.
Manufacturing is a cornerstone of the U.S. economy. According to the National Association of Manufacturers, manufacturing generated $2.38 trillion during Q4 2018, continuing the steady growth in every quarter since Q2 2009. During 2018, manufacturing represented 11.4% of the U.S. Gross Domestic Product. Over the past 28 years, U.S.-manufactured goods exports have quadrupled, and 4.6 million manufacturing jobs will be needed over the next decade.
For every $1.00 spent in manufacturing, another $1.82 is added to the economy. That’s the highest multiplier effect of any economic sector.
Worldwide, trade in manufactured goods has more than doubled between 2000 and 2017. Today’s U.S. manufacturers compete on a global platform and apply the latest technologies to manufacture state-of-the-art products.
Manufacturing Day was created by Founding Partner Fabricators and Manufacturers Association, International in 2012 with the purpose of expanding knowledge about and improving public perception of manufacturing careers and manufacturing’s value. It occurs on the first Friday of October. The National Association of Manufacturers now produces it with key contributions and support from the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership and the Manufacturing Institute. During last year’s Manufacturing Day, October 5, 2018, nearly 3,000 events took place across the country, according to the Manufacturing Institute.
Encouraging and celebrating manufacturing has also been an emphasis of the federal government in recent years. In 2014, President Obama created the Nation of Makers initiative, which empowers students and adults to design and manufacture their ideas into reality. In 2018, President Trump issued a Presidential Proclamation declaring October 5, 2018, as National Manufacturing Day.
If you’re a student, how can you make a difference through manufacturing in your future?
If you’re currently in manufacturing or in education, how can you do your part to inspire the next generation?
Are you organizing an event to celebrate Manufacturing Day?
Share your thoughts and plans with us in the comments below!
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