Looking Ahead: Opportunities and Challenges for U.S. Manufacturers

Posted: 21 Nov 2013

See all articles by Chad M. Moutray

Chad M. Moutray

National Association of Manufacturers

Thomas Kevin Swift

American Chemistry Council

Date Written: April 2013

Abstract

Manufacturing has received increased attention in recent years, as it has enhanced its importance in the economy with output and employment gains and as a driving force of U.S. exports. Nonetheless, the sector faces serious challenges as well as opportunities. The challenges are weak global economic growth, burdensome taxes and regulation, and a labor force that is unprepared to meet twenty-first century needs. Opportunities, however, are likely to more than offset the challenges. These are an improving energy environment, an improved climate for international trade, strong productivity growth, and continued strength in innovation.

Keywords: manufacturing, exports, regulation, labor, energy, productivity

JEL Classification: D24, E23, E62, E66, F1, K23, L16, L50

Suggested Citation

Moutray, Chad M. and Swift, Thomas Kevin, Looking Ahead: Opportunities and Challenges for U.S. Manufacturers (April 2013). Small Business Economics, Vol. 48, No. 2, 2013, Available at SSRN: https://ssrn.com/abstract=2357045

Chad M. Moutray (Contact Author)

National Association of Manufacturers ( email )

733 10th St., NW, Suite 700
Washington, DC 20001
United States
(202) 637-3148 (Phone)

HOME PAGE: http://www.nam.org

Thomas Kevin Swift

American Chemistry Council ( email )

1300 Wilson Blvd.
Arlington, VA 22209
United States

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