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Tuesday, September 2, 2014

Manufacturing is the Comeback Kid at FABTECH

FABTECH, running next week from Nov. 12-14 in Las Vegas, will display top technologies from the welding, metalforming, finishing and welding sectors.

Anne Goyer of Chemical Coaters Association International has penned an opinion piece for Fabricating and Metalworking about manufacturing’s big comeback – and the way the industry can keep the momentum rolling.

Goyer points to the repeated mentions of manufacturing by both the Democratic and Republican parties as evidence that industry is a focal point of the economy:

After declaring U.S. manufacturing dead only a few years ago, both political parties are now focusing on the manufacturing sector like a laser beam. Pick up the newspaper on almost any day and see how manufacturing is now front and center both on the presidential campaign trail and in policy debates among economists. Republicans and Democrats have introduced 184 legislative bills during the current Congress related to manufacturing.

But it’s the hard numbers that show manufacturing is a real powerhouse for jobs and national GDP.

Manufacturing growth has slowed recently after 34 straight months of expansion, but experts predict the sector will continue to grow at a faster pace than the general economy in 2012. With a national unemployment rate that is still just below [8 percent], there are an estimated 600,000 job openings for skilled manufacturing workers.

Goyer also points to FABTECH, which, like IMTS two months earlier, is experiencing a spike in exhibitor and attendee registration. Goyer encourages metalforming, fabricating, welding and finishing industry leaders from all over the world planning to attend FABTECH in Las Vegas next week to work with policymakers to address several key concerns for manufacturing professionals:

  • Form a national manufacturing policy
  • Address tax uncertainties and simplify the tax code
  • Introduce initiatives for young people

Machining Journal will be at FABTECH next week to look at new technologies on display and talk to professionals about their perspectives on industry today. What do you want to hear? Please tell us in the comments.

Brian Lane


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