After stumbling upon many interesting and noteworthy articles published this past week, the below compilation will prove to be a strong set of industrial news. The connection among each thought leadership piece is investment: committing to an idea, a purchase, or an act with the hope of gaining wealth in return. That wealth can be in the form of monetary gains or, better yet, the nature of knowledge. This round up is evidence that the societal plans to invest in technological advancements and global traceability can just as easily be found on the manufacturing plant floor.
This article published by Forbes provides insight into the President’s proposal for $100 million in federal funding dedicated to brain mapping initiatives [BRAIN: Brain Research through Advancing Innovative Neurotechnologies] due to hit Congress this coming week. BRAIN is deemed to be a public-private partnership including contributions from the National Institute of Health (NIH), National Science Foundation (NSF), and The Allen Institute for Brain Science. Aside from the obvious mental health benefits to be gained from brain mapping, this investment in technology will also create jobs and aid in economic growth. INFOGRAPHIC.
Apriso’s green manufacturing expert, Jordan Berkley, discusses the financial burden that manufacturers undertake due to global regulations. Not shocking news due to the guidelines steadily increasing over a matter of years, however recent updates are sparked Berkley’s dialogue to support global visibility. As the rules are now, any one product must meet strict requirements in multiple regions of the world, depending on where it is shipped and sold. The National Association of Manufacturing estimated the $1.7 trillion U.S. manufacturing industry dishes out between $265 and $726 billion in fares. Solution: global traceability.
A topic that everyone has been talking about, but had yet tested the theory until The Aspen Institute launched “The Manufacturing Resurgence: What It Could Mean for the U.S. Economy”. The report models two scenarios, business-as-usual and a manufacturing resurgence, in order to understand how the economy would be affected. The findings concluded that if business is conducted as usual the downward trend of manufacturing value would continue, dropping .4 points to 11.1% of the country’s gross domestic product (GDP). Under the manufacturing resurgence model, the U.S. economy would benefit with manufacturing value increasing to 15.8% of the GDP by 2025. Note: The manufacturing value added portion of GDP hasn’t been at 15% since 1998.
It’s no surprise that manufacturing jobs haven’t possessed the greatest appeal to younger generations. LNS Research’s Mark Davidson overturns this stipulation, “In reality, though, modern manufacturing entails a considerable amount of interaction with advanced technologies and interesting applications that require a diverse and educated skillset”. Davidson’s most recent article discusses what companies are doing to preserve and leverage tribal knowledge, often through utilization of manufacturing operations software (MOM). Read more.
Techonomy recently spoke with Chris Park, a Principal at Deloitte, regarding the next generation of manufacturing and its possibility to be environmentally sound, reducing the economic impact. Park discusses the importance of assessing manufacturing techniques that impact the environment, the distributed model as it relates to hard-copy and electronic book production, and the direct link between sustainability and additive manufacturing. Dive into this Q&A session.
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