We have talked about manufacturing and why it is important. With the growing gap in employees, how does anyone start? Who is out there leading the charge in education and showing people how manufacturing has changed? While many people are dabbling in these discussions, there is only one person and company moving the needle for the future of manufacturing. That person is Titan Gilroy of TITANS of CNC.
Consider looking around at every physical object that is manufactured by someone somewhere. Do you wonder how it is made or who are the people that designed and built these components? The internet wouldn’t exist without physical computers and servers. Smartphones wouldn’t have a need without the internet, and so on. From the bed, you sleep on to the tools you use to cook, shop, and travel, everything was once a design that went through manufacturing to enhance life.
But what is manufacturing? Is it the dirty places often portrayed in movies and TV where the person is almost always filthy? I can tell you the answer is no; even though some manufacturing is dirty, most manufacturing today is very clean and often one of the most high-tech positions available today. But what about the people who do these jobs? Who are they, and where does a person go to learn these skills? Well, to start, let us look at the current state of manufacturing.
Over the next decade, 4 million manufacturing jobs will likely be needed, and 2.1 million are expected to go unfilled if we do not inspire more people to pursue modern manufacturing careers. Moreover, according to a recent report, the cost of those missing jobs could potentially total $1 trillion in 2030 alone. (Source: Deloitte and The Manufacturing Institute)
Manufacturing is facing a widening gap of talent and people entering the workforce today. It is growing, thanks to the often flawed perceptions mentioned previously and the stigma that it doesn’t pay well or provide a solid future. These misconceptions lead me to my second statistic.
Manufacturers in the U.S. perform 61.8% of all private-sector R&D in the nation, driving more innovation than any other sector. R&D in the manufacturing sector has risen from $184.2 billion in 2000 to $293.6 billion in 2019. In the most recent data, pharmaceuticals accounted for 30.6% of all manufacturing R&D, spending $89.8 billion in 2019. Computer and electronic products (17.9%), semiconductor and other electronic components (12.6%), and motor vehicles and parts (9.2%) also contributed significantly to R&D spending in 2019. (Source: Bureau of Economic Analysis)
Due to the high-tech nature of manufacturing today and more people choosing office jobs, manufacturing has become a place for designers to test out their ideas and prototypes. Associated with the employee’s knack for technology and the physical part creation, these innovative problem-solvers are often the unsung heroes in getting your favorite items to the market. Along with this, manufacturing also has a big impact on local communities and their economies as well.
For every $1.00 spent in manufacturing, another $2.79 is added to the economy. That is the highest multiplier effect of any economic sector. In addition, for every one worker in manufacturing, there are another five employees hired elsewhere. For every $1 earned in direct labor income in the manufacturing sector, there will be another $3.14 in labor income earned elsewhere, including indirect and induced impacts. (Source: NAM calculations using 2019 IMPLAN data.)
With that said, recent research suggests that manufacturing’s impacts on the economy are even larger than that if we consider the entire manufacturing value chain plus manufacturing for other industries’ supply chains. That approach estimates that manufacturing could account for one-third of GDP and employment. Along those lines, it also estimated the total multiplier effect for manufacturing to be $3.60 for every $1.00 of value-added output, with one manufacturing employee generating another 3.4 workers elsewhere. (Source: Manufacturers Alliance for Productivity and Innovation)
Titan Gilroy saw a need for someone to dedicate their life and company to evangelize the value of manufacturing and provide free content that anyone can access to get into the manufacturing field. By demystifying design, programming, CNC machining, and industrial manufacturing, people from all backgrounds can find a place to make the world a better place.
To find out more about Titan’s mission and insights into manufacturing, please join us on August 3rd at 11AM ET as we talk with the man behind the revolution in manufacturing today. Manufacturing Live is the one place where you can interact in real-time with SOLIDWORKS and Titan. To find the livestream, please go to the SOLIDWORKS LinkedIn page.
We look forward to seeing you on August 3rd!