South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market. The plant will have an annual capacity of 9.8 gigawatt-hours of batteries. SK Innovation will begin construction in the southeast U.S. state of Georgia in early 2019, with production targeted for 2022, the company said in a statement.
Robots improve productivity and boost competitiveness, but the United States and Western Europe trail southeast Asia and parts of Eastern Europe in robot adoption, when controlling for wage levels. ITIF examined 27 nations and found the United States ranks 16th, with South Korea, Singapore, Thailand, China, and Taiwan ranking as the top five. To restore U.S. competitiveness, America needs policies that will accelerate robot adoption.
The New York state manufacturing report released this morning by the Federal Research Bank of New York is one of the brighter spots among the manufacturing surveys provided by the Fed banks each month. Manufacturers in the Empire State remain fairly optimistic in the six-month outlook as new orders continued to grow, business conditions improved, and employment levels increased.
This isn’t just a lesson for the United States. It’s a lesson for countries around the world: Once manufacturing bids farewell, engineering and production know-how depart as well, and innovation activities eventually follow. We can trace how this happened in the U.S. by looking back to the original offshoring frenzy which started with consumer electronics in the 1960s.
It's a common complaint and worry among manufacturers today that they face a serious skills gap. There's been plenty of ink spilled about the critical need for people trained in the skilled trades: electricians, welders, machinists, and so on. But the gap is much greater than the skilled trades, and goes to a breakdown in fundamental knowledge in working with one's hands, along with the dwindling desire to work in manufacturing.
Many U.S. firms have long had a simple mantra: “Invent here, manufacture there.” But, increasingly, those same companies are now choosing to invent as well as manufacture abroad. From automotive to semiconductors to pharma to clean energy, America’s innovation centers have shifted east, offering growing evidence that the U.S. has lost what Harvard Business School’s Willy Shih calls the “industrial commons”: indispensable production skills and capabilities.
Continuing its efforts to build up the manufacturing sector, on Oct. 5 The White House released a 40-page report, Strategy for American Leadership in Advanced Manufacturing, compiled by the National Science and Technology Council Subcommittee on Advanced Manufacturing.
The U.S. industries responsible for the production of military weapons systems show “a number of vulnerabilities,” a White House report revealed Thursday, according to a senior administration official. The 107-page report identifies at least 300 specific vulnerabilities -- including a major issue regarding the skilled-labor gap that the administration says “demand(s) immediate action.”
Manufacturing USA completed its third year since Congress authorized the program through the Revitalize American Manufacturing and Innovation Act (Public Law 113-235). This Fiscal Year 2017 Annual Report describes the accomplishments and state of Manufacturing USA, including its 14 member institutes.
Manufacturing USA today released its 2017 Annual Report. The report describes the program’s work in moving discoveries from the Nation’s universities and research laboratories into production in the U.S. It also describes the program’s fourteen institutes successes in developing world-changing manufacturing technology and equipping the U.S. manufacturing workforce with the high-value skills needed to make tomorrow’s products.