The Realignment
424 | David Adler & Bill Bonvillian: America's Advanced Manufacturing Problem - and How to Fix It
Nov 3, 2023
David Adler and Bill Bonvillian, authors of America's Advanced Manufacturing Problem—and How to Fix It, discuss the U.S. losing its leadership in global manufacturing, the impact of federal legislation like the CHIPS Act, and the need to redesign the country's innovation system for a successful industrial policy effort.
54:14
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Quick takeaways
- The US lost its leadership in global manufacturing due to neglecting the sector and failing to integrate the innovation system, resulting in a decline in productivity and competitiveness.
- Adopting advanced manufacturing can lead to increased efficiency, productivity, and economic growth while creating new job opportunities, especially in small and mid-sized manufacturing firms.
Deep dives
The need for regaining advanced manufacturing base
One of the most pressing tasks facing the country is regaining as much of the advanced manufacturing base as possible.
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