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News & Media

Small Manufacturers Think Big about Partnerships During COVID-19

The U.S. manufacturing industry has lost a staggering 5 million jobs and thousands of manufacturing establishments over the past two decades, according to a report from MForesight. Stalled manufacturing productivity growth and overseas competition are two major drivers of the decline. COVID-19 is likely to make matters worse, but the industry may also experience five years of innovation within the next 18 months as existing and new digital technologies gain traction.