Trade & Industry Development Magazine

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September/October 2008

Welcome to our Manufacturing issue, where we dispel the myth about manufacturing in the U.S. – its heyday is not in the past! In fact, U.S. manufacturing is the eighth largest economy in the world. And yes, while the manufacturing industry has many strengths, it, too, has challenges. As with any challenge, the first step in handling the challenge is to identify it. Once identified, a solution can then be determined and acted upon. You’ll find these ideas, and more, in the pages that follow.
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In this issue...

The State of Manufacturing in the U.S.
By: J. Michael Mullis

The U.S. economy, including its manufacturing sector, continues to face numerous issues including the volatile financial and credit markets, the housing subprime mortgage debacle, the highest ever oil prices that are significantly affecting overall logistics costs and energy prices (specifically electric and natural gas), worldwide security challenges, increasing food prices, armed conflict, climate changes and hundreds of thousands of job losses. more...

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