The heart of any robust economy is its manufacturing sector. However, in a globalized world, American manufacturing faces substantial pressure from overseas competition. Fortunately, there are many things you can do as a company to facilitate the success of our domestic manufacturing industry. Here are five ways you can support American manufacturing and aid in its revitalization.
Invest in Known American Companies
First and foremost, you can consciously invest in established American companies. By purchasing products made by these corporations, you contribute directly to the local economy, create jobs, and help keep manufacturing facilities running at home. These companies have deeper roots in local communities and can spearhead economic growth more effectively than newer or less embedded entities. Directly supporting these companies results in a ripple effect that benefits everyone in the local area and the nation at large.
Buy Materials Locally
Just as buying finished products can support the manufacturing process, sourcing materials locally represents a critical step in reinforcing the American manufacturing industry. Local purchases help the environment by reducing transportation pollution, and they contribute to more secure supply chains. Additionally, local sourcing can ensure manufacturers have access to materials in the event of demand surges or supply chain disruptions, which is crucial in maintaining a consistent production line.
Bolster the Supply Chain
Supply chains are lifelines in manufacturing, and strengthening these networks within the United States can directly fortify American manufacturing. Seek out and work with local suppliers, not only for materials but for ancillary services like packaging and transportation. By doing so, you reduce the reliance on foreign suppliers, minimize the risk of supply chain bottlenecks, and create more opportunities for businesses to thrive and innovate.
Devote Time to Research and Development
Another impactful way to support American manufacturing is to invest in research and development (R&D). This is pivotal for any industry looking to stay competitive, and American manufacturing is no exception. Increase support by dedicating resources to internal R&D efforts or collaborating with local research institutions. This investment can drastically improve manufacturing technologies, making American products and processes cutting-edge, innovative, and able to compete favorably on the global stage.
Form Partnerships Rather Than Contracts
When working with manufacturers, consider forming partnerships that are more long-term and strategic rather than simple contractual relationships. Such partnerships can involve knowledge sharing, joint product development, and joint investment in new technologies. By committing to these deeper relationships, you not only ensure better quality and consistency in production but also contribute to the evolution and growth of American manufacturing capabilities.
In a world of complex global supply chains and fierce international competition, the grassroots support of local manufacturing begins with your efforts. As an American contract manufacturing company, Swisher knows how difficult it can be to keep these processes on our soil. However, we rise to the challenge and do so with pride. We have decades of experience helping local businesses craft the ideal products to match their visions, and we use our expertise to aid you in your product development as well. Contact us today to learn more.