Forces Reshaping the Industrial Economy

Manufacturers are navigating a perfect storm — tight margins, expensive capital, workforce shortages, policy uncertainty, and rapid technological disruption. In this episode, host Gary McCoy, Executive Director of SMI, sits down with author and industry strategist Dan Varroney to unpack the forces reshaping the industrial economy and what small and mid‑size manufacturers can do to stay competitive.Varroney, founder of Potomac Core and author of the Amazon #1 bestseller Rethinking Economic Growth, brings decades of experience working with manufacturers and trade associations nationwide. Together, Gary and Dan explore:The “three M’s” driving today’s challenges: margins, money, and manpowerHow sector profitability reveals whether an industry is gaining or losing competitivenessPolicy gaps that disproportionately impact small and mid‑size manufacturersWhat a truly pro‑growth policy environment should look like in 2026 and beyondHow value‑chain partnerships strengthen advocacy and resilienceInnovative workforce strategies, including second‑chance hiring and community college partnershipsLong‑term approaches to supply chain resilience, onshoring, and nearshoringHow AI, automation, and machine learning are reshaping industrial competitivenessWhy scenario planning is essential for leaders navigating uncertaintyYou’ll also hear real‑world examples from Dan’s research — spanning tooling, machining, energy, and advanced manufacturing — plus insights on leadership, risk, and the future of the American industrial base.Learn more about Dan Varroney and his work:https://danielvarroney.comhttps://potomaccore.com/And don’t miss our “Did You Know?” segment, where we break down the spring‑powered mechanism inside your car’s seatbelt retractor — a reminder that springs truly are everywhere.Springs Are Everywhere explores the issues shaping modern manufacturing and highlights the surprising ways springs show up in everyday life — from cars to cellphones to workplace equipment.Sponsors: Platinum — Gibbs Interwire (gibbswire.com)Gold — Radcliff Wire (radcliffwire.com)Silver — Automated Industrial Motion (aimcoil.com)Learn more about the Spring Manufacturers Institute at smihq.org.#smi #springsareeverywhere #manufacturing #leadership #supplychain #AI #workforce