“…a manufacturing renaissance afoot in USA led by small and mid-cap companies. These companies earn returns that rival the online tech/software sector. They are not widely known or discussed, but there are some 4000 of them, driving about $200b in revenue. Their startup costs are relatively low, and they take advantage of 5G, AI, robotics, automation, and cloud computing.”
🌀Quoted from:
Underappreciated, Undervalued, And Misunderstood: The New Fortune In The Titanium Economy
“These lesser-known companies are all part of a sector known as industrial tech, and together they offer a surprisingly bright future, not just to investors but to workers and our broader communities as well. Their products include aerospace parts, color enamels, and recycled plastic lumber; things consumers don't necessarily buy but which we all rely on for the functioning of our economy. And it turns out it's a booming business.”
“The shining stars in this sector leverage technology while investing in people and processes to drive competitiveness. These companies provide a recipe for both stability and long-term, profitable growth, while also strengthening the backbone of an economic supply chain that has been under siege for several years. This book sets right the perception that good American jobs have disappeared and paints an attainable picture of better times to come for the industry, its constituents, and our economy at large.”
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The future of the American economy is hiding in an unlikely place - The Titanium Economy
“Industrial employment rose from 11.6 million jobs in January 2011 to 12.5 million in October 2021, and the United States is home to hundreds of manufacturers that deliver world-class products and excellent financial returns.
Collectively, these companies make up the “Titanium Economy”–and their performance could be critical to driving the sustainable and inclusive growth our country needs.
The Titanium Economy is hidden in plain sight. Many of these companies are based far from major media markets, and they do important things like manufacturing lifting equipment or re-refining oil. Median annual pay is $63,000, compared to $30,000 for service jobs–and many of these jobs go to those without four-year degrees.
Many, too, are embedded in the hometowns of their founders and families.
An estimated 688 Titanium Economy companies are public–a fifth of the number of private ones. When they create value, it’s with Main Street, not just Wall Street, in mind. One of the most interesting things that stemmed from a set of nationwide research on these companies was that Titanium Economy hometowns often seem like great places to live. “
… …
“There is one problem with America’s Titanium Economy: We need more of it. With freight, insurance, and labor costs rising around the world, there is a strong economic case for more domestic manufacturing. As COVID-19 showed, there are downsides to not being able to meet important needs on our own.
However, Titanium Economy hubs won’t just happen–they need to be nurtured. Across the U.S., leaders in the public and private sectors, and in academia, could be doing far more.
Titanium Economy companies are undervalued–and less than 1% of venture capital goes into industrial technology. Public sector support is limited too, especially when compared to major competitors like China and Germany. Another mindset challenge: the emphasis on four-year college degrees largely undersells the possibility of manufacturing to the people it would serve well.
More can be done–and it should be done with urgency. If properly nurtured, there could be more and more Titanium Economy hubs, potentially creating virtuous circles of innovation and prosperity in every region.”
🌀Quoted from:
A thriving manufacturing sector is already boosting local economies throughout the U.S.–but it’s often overlooked. Meet the ‘Titanium Economy’
Worker in a Titanium Economy factory, GETTY@Forbes
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