The Future of Manufacturing and the Forces Shaping Change

How do U.S. executives view the future of manufacturing? Some of the answers are contained in a new report from the accounting and consulting firm of Grant Thornton LLP. In a survey of more than 375 U.S. manufacturers, it asked them to detail the major forces that are shaping their industries. They were also invited to describe the steps they're taking to adapt to those changes. On this episode, we get the details from Jeff French, Grant Thornton's national managing partner for consumer and industry products. Based on the firm's research, he lays out the four critical priorities for manufacturers today, as well as their number-one concern for the future. And he discusses both the political and technological factors that promise to radically transform manufacturing in the years ahead. Are manufacturers reshoring operations back to the U.S.? What's the impact on labor? It's a time of deep uncertainty — but that's no excuse for inaction.