For most manufacturers, the fall season is a time of evaluating first-quarter performance, welcoming employees back from vacation, and focusing on what’s to come after the close of the calendar year. However, the month of October is also Manufacturing Month in Ohio, and many businesses and organizations are looking for ways to celebrate the industry’s best assets and illustrate its bright future.
But why is manufacturing so important to our state, and what does it offer to today’s evolving world?
According to the Ohio Manufacturers Association, manufacturing is responsible for nearly 20 percent of the state’s gross domestic product and provides more than 670,000 jobs for skilled workers. In addition, manufacturing is the largest of the state’s 20 sectors, boasting $52 million in products around the world and generating nearly $100 billion in GDP revenue. In particular, Northeast Ohio manufacturers account for 14 percent of the region’s employment and 19 percent of our GDP.
To heighten awareness of the sector’s importance to our region, many companies and organizations are opening their doors to students, parents, and others during the month of October. Manufacturing Day, which takes place on Oct. 7, is the high point, with over 1100 events taking place across the country. These events, which vary from plant tours to workshops to presentations, are designed to educate and inspire the next generation of skilled workers in Northeast Ohio by showcasing new tech, offering insights on career possibilities, and giving them a reason to consider manufacturing as a viable path to success.
With 181 events in 2015, the state of Ohio passed Michigan, California, and Iowa for highest number of Manufacturing Day events across the country.
Also part of Manufacturing Month is [M]POWER Manufacturing Assembly 2016. Presented by MAGNET in conjunction with Crain’s Cleveland Business and the Cleveland Engineering Society, this Oct. 19 event serves as the largest gathering of manufacturers in Northeast Ohio and provides ample opportunities for company leaders, service providers, and industry experts to forge relationships and learn best practices.
To learn more about Manufacturing Month (and Manufacturing Day) and what events are taking place near you, visit MfgDay.com or follow @MfgDay on Twitter!
Additional details are also available by calling MAGNET at 216.391.7002.
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space:
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