Monthly Series: Moser on Manufacturing

The U.S. share of global manufacturing has shrunk from about 50% in 1945 to 17% in 2018. We sacrificed our manufacturing economy to help developing countries achieve middle class incomes and democracy. Unlike competitor countries, we failed to establish an industrial policy. Currently, at least half of what we consume in the United States is imported, with major supply chain gaps such as PPE, chips and rare earth minerals. We are severely dependent on other countries, including potential adversaries. How did this trend occur? What success have we had since 2010 in reversing the decline? What needs to be done to restore self-sufficiency, to reestablish U.S. supply chains? How can companies engage and benefit? What does the U.S. government need to do to level the playing field? What tools and resources does the Reshoring Initiative provide. Get answers.