The manufacturing industry has transformed dramatically over the years. However, many existing and aspiring manufacturers still base their decisions on a series of popular myths.
Many of these manufacturing myths serve as barriers to modernizing the U.S. manufacturing supply chain. When myths get in the way of sound decision-making, the rest of the world moves ahead while we are left behind.
If you are ready to clear the haze and make a fact-based strategic decision, read on to learn the truth about some of the most common myths in manufacturing.
Manufacturing is a Dying Industry
One of the biggest is that manufacturing is a dying industry. This couldn’t be further from the truth! Manufacturing is a very thriving industry that is growing at a rate of 2.5% from 1994 – 2019.
This myth is likely perpetuated by the fact that there are fewer manufacturing jobs today than there were in the past. However, this is due to technology and automation, not because manufacturing is dying.
There are now more high-tech manufacturing jobs than ever before. An example of this is a custom engineering company, which is obviously on the rise.
Manufacturing Jobs Are Low-skill and Low-paying
One of the manufacturing myths is that these jobs are low-skill and low-paying. In reality, many manufacturing jobs require a high level of skill and training.
These jobs also tend to pay well, especially when you consider the education and experience required. The manufacturing process also consists of rank-and-file employees. Manufacturing jobs are an important part of our economy and should not be devalued.
Manufacturing is Only for Large Companies
Another common misconception about manufacturing is that it is only for large companies. This couldn’t be further from the truth! Manufacturing is a great option for small businesses.
Manufacturing is a great way to create jobs. Small businesses that manufacture their products can create jobs for their employees and help to grow the local economy.
Next, manufacturing can be a great way to differentiate your products from your competitors. When you manufacture your products, you can control the quality and ensure that your products are unique.
Finally, manufacturing is a great way to scale your business. As your business grows, you can increase your manufacturing output to meet demand.
Manufacturing is Only for Low-cost Countries
There are many myths surrounding the manufacturing industry, but one of the most common is that it is only for low-cost countries. This simply isn’t true. Manufacturing plays a vital role in all economies, and countries of all income levels.
Manufacturing is an important source of income, jobs, and tax revenue. It also drives innovation and competitiveness.
And, contrary to popular belief, manufacturing is not declining in developed countries. Manufacturing output in the United States has been growing for more than a decade.
There are many reasons why manufacturing is important, but the bottom line is that it is a critical sector of any economy. Countries that want to compete in the global economy need to invest in manufacturing.
Don’t Believe These Manufacturing Myths
It’s no secret that manufacturing is essential to the success of any economy. It’s also no secret that there are a lot of myths surrounding manufacturing. This article debunked some of the most common manufacturing myths that exist today.
If you’re interested in learning more about manufacturing, or if you’re considering a career in manufacturing, don’t let these myths hold you back. There are plenty of opportunities for those who are willing to learn and work hard.
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