When it started becoming clear just how serious the financial crisis was going to be – when access to credit started shrinking, when the orders started disappearing and the payrolls started thinning – coverage of developments in industry were all lean manufacturing all the time. It was “streamlined this” and “automated that.” Lean, lean, lean. If the message started sounding redundant, that’s because it was. But it also seemed to reflect reality. In 2006, according to the U.S. Census Bureau’s Annual Survey of Manufacturers, there were just under 13 million peopled employed in manufacturing jobs, and the total value of all of the shipped manufactured products from that year topped $5 trillion. By the time the figures for 2009 had been released, which was at the height of the financial crisis, the value of shipped products fell by more than $500 billion, and the number of people employed in manufacturing jobs fell beneath 11 million. A recovery in the manufacturing sector would have to involve some adaptations to the new realities of the global economy. Continue reading
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