machine tooling was driven by the necessity for firearms and mass. It allowed companies to develop more of that tool in greater and greater quantity. The industry also ensured a high degree of quality, because as the us. Was industrializing,. there there was needed a high degreeOf respect and quality for the machine tools responsible for cutting, boring, planing and actually developing every aspect of the supply chainfor manufacturing machine tools.
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
The modern world is an integrated system of almost unfathomable complexity, built upon sub systems, technologies, people and practices that if partially removed or neglected sufficiently, result in disastrous supply chain break downs as witnessed in wartime or as the world seized up in response to an over-hyped flu virus in 2020. One of the industries at the heart of the manufacturing economy is the machine tool industry, responsible for “building the machines that build the machines” – mills, lathes, planers, presses, etc. that produce the metal products such as cars, airplanes and household appliances. Without these industrial tools, production would be relegated to hand tools or worse, and for national security reasons is arguably a strategic industry to be protected. As with most things in modern America, however, what is sensible and what is reality is at odds, with the machine tool industry witnessing a global market share decline of number one in the world at around 20% in 1981 to less than 5% today.
