2min chapter

The McKinsey Podcast cover image

The future of US manufacturing is hiding in plain sight

The McKinsey Podcast

CHAPTER

How Many Industrial Companies Exist in the US?

Seal there is a leading industrial company that has pioneered new methods for packaging and tracking of meat shipments. Cassellaway Systems can tell the difference between a truly recyclable material and one that is not and actually belongs in a landfill. So how many industrial tech companies exist in the US? Listen to these stats. They're pretty impressive. Over 3,000 are private. About 80% of public companies have sales ranging from a billion to 10 billion dollars. 90% of these companies are profitable. The sector is massively important to the US economy in two ways. It drives about 250 billion dollars of GDP of annual revenue growth. And it's equally important on what we call the amplification cycle

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