From Industry Week
How SME’s are teaming up with public research universities and MEP centers to boost innovation capacity.
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.