Data Suggests U.S. Manufacturing to Reach New Heights by 2020

According to the upcoming 2016 Global Manufacturing Competitiveness Index report, the U.S. is anticipated to be the single-most competitive manufacturing nation over the next five years. manufacturing storage

The top 11 countries for manufacturing will be consistent through 2020 (with some exchange of rankings), reports a Business Facilities article covering the data.

While China and the U.S. are expected to retain the top two spots, Germany and Japan will stay at third and fourth, respectively. India is currently ranked at 11 but is expected to jump to fifth place. The Index also reveals that South Korea, Canada, and Singapore are expected to fall one spot each. 

Additionally, the data reflects that the industry is anticipating that developing markets will mature and become more formidable through the next five years.

The U.S. taking over the top spot is potentially due to the nation’s investment in research, technology, and innovation – all of which drive the competitiveness of its industries and economic development, reports the Advanced Technologies Initiative: Manufacturing & Innovation study included in the article.

“While emerging markets continue to push the leaders, the [research] findings demonstrate the strength of the manufacturing powerhouses of the 20th century with the United States, Germany, and Japan holding three of the top four positions currently and in the future,” notes Craig Giffi, a leader in Deloitte U.S. Consumer & Industrial Products Industry group and co-author of the report.

As the manufacturing industry expands in the years to come, companies can continue to rely on Lista’s storage solutions to drive workplace productivity and organization in the face of such growth.

Learn more about Lista manufacturing solutions or contact us for a quote!

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