Q4 2020 | Trade and Industry Development

Q4 2020

Trade & Industry Development Magazine

Q4

Global manufacturing has always been dynamic, but today, we are facing what can only be described as a sea change. Technology-intensive processes being developed in the United States and abroad are helping to drive competitiveness by increasing research, development and manufacturing efficiency. Additionally, challenges to the economy (not the least of which is the COVID-19 pandemic) have wrought other developments that will impact not only the ongoing push for reshoring but the increasingly competitive drive to develop a vaccine. At the same time, companies are striving to keep customers satisfied and to continue to attract a skilled workforce. This issue covers all these topics and we invite you to read on.

In this issue

A Focus on Biotechnology for 2020

BY: James H. Renzas

According to the Biotechnology Innovation Organization (BIO), he United States is home to 2,946 biotechnology companies, with a total revenue of almost $115 billion and over 800,000 employees. The industry has not had a down year in over five years, and has averaged revenue growth of 2.3 percent per year. The biopharma segment within the industry is seeing some of the most significant expansion, growing with a compound annual growth rate (CAGR) of nearly nine percent. more....