The first Friday in October marks Manufacturing Day (MFG DAY). It is a day "a celebration of modern manufacturing meant to inspire the next generation of manufacturers." Today, around the United States, over 2,500 events have been scheduled to raise awareness.
The mission of the celebration is simple:
MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn't. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry.
Although manufacturing spans every type of product from food to clothes to consumer products and more, the electronics industry offers promising potential to those who want to get started in manufacturing and the supply chain. In fact, the worldwide consumer electronics market has grown over the past five years at a rate of 6.2%, the Global Consumer Electronics Manufacturing Market Research Report from IBISWorld found. Now, this market represents $294 billion in annual sales worldwide. "Incumbent manufacturers face both ongoing opportunities and threats from advancements in technology," the report, which was released in June 2016, said. "Industry players continue to innovate and introduce high-margin products into the market."
Take a look at the infographic below to learn more about the growing opportunities in manufacturing. Then, let us know if your company has anything planned to raise awareness in your community.
Want to celebrate too? Find an event in your area by going here.
— Hailey Lynne McKeefry, Editor in Chief, EBN