Economic Development Futures Journal

Monday, April 26, 2004

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Quality and Innovation Will Drive Manufacturing

How will manufacturing grow in the future? That is the question everyone is asking.

Manufacturers know that to survive is to change. And the changes they're making are sweeping now and will soon be revolutionary. With America's worst industrial recession since World War II drawing to an end, it's increasingly clear that the future of manufacturing won't look much like its past. However painful the transformation, the U.S. factory sector is continuing a decades-old evolution away from labor-intensive activities measured more often by scale than precision.

Those manufacturers still standing are concentrating on ever-higher-quality products and processes, even if that means tearing up long-standing business practices and shedding workers to survive. And in the wings awaits a new generation of molecular manufacturers -- which have more in common with chipmakers than carmakers -- aiming to create self-assembling machines on a nanoscale. A focus on quality in the near term helps fuel innovation down the road.

Here to read more.

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