The manufacturing industry is building back fast, undeterred by significant labor and supply chain challenges. In 2022, the US industrial production and capacity utilization reached their highest levels since before the Great Recession 2008-2009. Currently, 12% of the United States GDP is from manufacturing, while the sector employed only 8.4% of the workforce.
The global competitiveness of US manufacturing depends on the performance of companies at all levels of the supply chain. Collaboration is vital to business success, contributing to innovation, responsiveness to global market demand, quality improvements, and sustainability.
Competing in the new market demands business agility. For manufacturing companies, attracting and retaining top-level talent capable of leading through change is a competitive advantage. They need industry specialized, agile leaders capable of driving transformation to create new value for customers and stakeholders.