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KANSAS ECONOMIC OUTLOOK CONFERENCE Carolyn Lee Executive Director The Manufacturing Institute

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Page 1: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

KANSAS ECONOMIC OUTLOOK CONFERENCECarolyn LeeExecutive DirectorThe Manufacturing Institute

Page 2: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

MANUFACTURING ECONOMY

Page 3: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

A Resurgence in U.S. Manufacturing?

Page 4: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Manufacturing Jobs

Page 5: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Manufacturing Wages in China

Page 6: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Page 7: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

NAM Manufacturers’ Outlook Survey

56.6%61.7% 61.0%

77.8%

93.3%89.5% 89.8%

2016:1 2016:2 2016:3 2016:4 2017:1 2017:2 2017:3

Page 8: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

MANUFACTURING INNOVATIONS

Page 9: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

3D Printing – Adoption

Page 10: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Robot Orders & Investments

$0.50

$1.00

$1.50

$2.00

5,000

15,000

25,000

35,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Number of Orders (Left Scale)Billions of $$ (Right Scale)

Robots Stealing Jobs?

Page 12: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

MANUFACTURING WORKFORCE

Page 13: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Primary Current Business Challenges

21.5%

27.1%

39.2%

51.4%

71.6%

72.0%

Strengthened U.S. dollar

Weaker domestic economy and sales

Rising raw material costs for our products

Unfavorable business climate

Attracting and retaining a quality workforce

Rising health care/insurance costs

Page 14: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Job Openings in Manufacturing

Page 15: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

82% of manufacturers can’t find skilled workers

Page 16: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

(Mis)Perceptions Cost Us Workers

Page 17: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

October 6, 2017

Page 18: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Page 19: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Workforce & Education Programs•Apprenticeships

•Internships

•Certifications

•Academies

•Summer Programs

•Competitions

•Women

•Veterans

•Ambassadors

Page 20: KANSAS ECONOMIC OUTLOOK CONFERENCE · $1.50. $2.00. 5,000. 15,000. 25,000. 35,000. 2007. 2008. 2009. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Number of Orders (Left Scale) Billions

Thank You!Carolyn Lee

The Manufacturing InstituteNational Association of Manufacturers

E-mail: [email protected]

@TheMfgInstitute

mailto:[email protected]

http://www.themanufacturinginstitute.org/

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