Corporate Affairs, Corporate Social Responsibility, Sustainability, Supply Chain Sustainability, Operations, Manufacturing, Manufacturing Footprint, Material Management, Procurement, Strategic Sourcing
Participating in the circular economy through material reuse and recycling saves companies money and minimizes environmental footprints. Read our interview with Andy Mangan of the US Business Council for Sustainable Development for a look at a pioneering pilot on resource efficiency and join us on July 12 for Andy’s webinar on the circular economy.
Growth & Innovation, Research & Development, Research, Innovation, New Product Development, Operations, Manufacturing, Production
Virtual reality has many applications beyond video games, particularly for manufacturing. Companies are leveraging this technology for product development, prototypes, training, and factory floor layout. Ford and BAE Systems already have reputations for using virtual reality to shorten product design cycles and save costs.
Americans are surrounded by manufactured goods at home and work— so how can the manufacturing sector represent only 11% of GDP? The explanation is that it doesn’t. MAPI Foundation research examining the full value chain reveals that manufacturing accounts for 32% of GDP. We also find that the manufacturing multiplier is almost three times as high as official data suggest.
Global Economy, Economic Environment, Operations, Manufacturing, Production
Following is an analysis from Daniel J. Meckstroth, Ph.D., vice president and chief economist for the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, regarding the October 2015 Institute for Supply Management (ISM) report.
Global Economy, Competitiveness, Operations, Manufacturing, Manufacturing Footprint, Reshoring/Nearshoring
A new study produced by MAPI and Deloitte draws on a survey of global manufacturers to offer insights into which new markets manufacturers plan to enter in the next five years. As might be expected, the United States and China should see the greatest number of investments in existing operations by 2020. Various countries in Asia and South America should see increases in new project investments.
Over the last 20 years, the growing global economy has allowed manufacturers to enter new markets to serve an increasingly global customer base while also shortening supply chains and reducing cost structures.