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Thursday, January 10, 2013

Manufacturing in 2012 in the United States

As we start off 2013, let's take a moment to look back at 2012.  Manufacturing seems to be doing much better in the US than it has been in the last 5 or more years. At Intech, we see this trend and believe that it will continue going forward into 2013.  We came across an article called  "The Top Five Manufacturing Trends of 2012." that was insightful.

Summary of the Article: Manufacturing in the United States is at an all-time high since 2007, according to the Bureau of Economic Analysis, and represents 12% of the GDP. Several manufacturing techniques and technologies have helped U.S. manufacturing grow in 2012, such as exporting and re-shoring, and several others. Exporting is an important way for manufacturers to increase sales by tapping into foreign markets. Re-shoring, when companies move their business back to America, has won manufacturers new business back home. Products "Made in America" are preferred over foreign products, so Americans are willing to pay a little extra to buy U.S.-made goods. American manufacturers are great innovators, and find creative ways to provide high quality products. Additive manufacturing, or 3D printing, will make America a leader in high-tech manufacturing.

For more information, read "The Top Five Manufacturing Trends of 2012."

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