26,000 Delawareans

Issue 9.06

February 10, 2023

The Recipe for a

Manufacturing Boom Economy

HOW POLICYMAKERS CAN AMPLIFY

MANUFACTURERS' SUCCESS IN 2023

By Jay Timmons | NAM

The tireless dedicated work manufacturers have done to lead the pandemic recovery and to grow our industry in the face of all sorts of challenges has delivered a manufacturing boom economy. One of the best indicators of this success is that manufacturers now employ more than 12.9 million people in the United States, which is the strongest level of job growth we’ve seen since 2008. Read more >

Competing to Win: NAM's detailed roadmap for policy collaboration >

DEVELOPING THE NEXT GENERATION

OF MANUFACTURERS

By 2030, all baby boomers will be 65 or older. With low birth rates and immigration, the exchange rate of people entering the workforce is not keeping up with the exit. In addition to the knowledge and skill gaps that manufacturers are experiencing, it is becoming increasingly more difficult for nighttime/weekend shifts to be filled with workers because child care isn’t offered during those hours. Read more >

FAST FACTS: According to the Delaware Department of Labor,

as of October 2022, the manufacturing industry employs

around 26,000 workers in Delaware, and the average annual compensation nationally was $83,882 per NAM’s data.

CAREERS IN THE TRADES

SPOTLIGHT VIDEO | M. DAVIS & SONS

Check out this video by M. Davis & Sons as it follows four of their team members working in his or her craft trade. Their stories explain why they decided to build their career in the construction trades. Watch >

SAVE THE DATE!

SPRING MANUFACTURING

& POLICY CONFERENCE

Tuesday, March 28

Delaware Technical Community College, Dover

Manufacturers depend on more than just what they can control in their organization. Fluctuating energy prices, growing inflation, and resource scarcity are all contributing to massive supply chain issues. Join the Delaware Manufacturing Association and presenting sponsor, DEMEP, for the 2023 Spring Manufacturing & Policy Conference where we will address the top economic pressures facing the manufacturing industry. Register >

2023 MANUFACTURING INDUSTRY OUTLOOK

ACCELERATING GROWTH AMID CHALLENGES

By Deloitte

Despite supply headwinds, labor shortages, and an uncertain economic environment, the manufacturing industry continues to surpass the expectations of previous years. Deloitte's 2023 outlook explores five manufacturing industry trends that can help organizations turn risks into advantages and capture growth:

1. Invest in advanced technologies to help mitigate risk

2. Implement talent management strategies to reduce voluntary exits

3. Rely on time-tested mitigation strategies with enhanced tactics to achieve supply assurance

4. Take a holistic approach to smart factory initiatives to unlock new horizons

5. Focus on corporate social responsibility

Read the report >