03/26/2024
CNC machine shops are the backbone of innovation. Just think about how a new product is made.
First, an entrepreneur comes up with an idea and invests in creating a prototype. Next, they test the prototype and gather feedback to make improvements. Then, the finalized part or product goes to market. It’s CNC machine shops that make the prototypes (and the finalized parts and products) that keep America—and the world—moving.
The manufacturing industry drives more innovation than any other sector in the US, performing more than 55% of all private-sector research and development (R&D). Products created from manufacturing R&D include but are certainly not limited to:
— Pharmaceuticals
— Computer and electronic products
— Semiconductors and other electronic components
— Motor vehicles and parts
These products help enhance lives, uphold the economy, and sustain national security.
The manufacturing industry also contributes $2.3 trillion in gross domestic product (GDP) in the US and employs more than 12 million people. By 2030, manufacturers will need to fill 4 million positions, according to a study by Deloitte and The Manufacturing Institute.
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