An Industrial Crossroads: The New Competitive Reality
The foundation of global commerce has fractured. For decades, strategy was predicated on frictionless global trade. That era has decisively ended. In 2000, the U.S. commanded 25% of global manufacturing output; by 2023, that share fell to just over 10%, while China's surged to nearly a third of all global production.
This concentration created what U.S. government reviews call "dangerous dependencies" in critical supply chains. The new imperative is not just cost, but resilience. This creates immense pressure on a domestic manufacturing base that has been hollowed out for decades, driving a powerful, market-wide demand for advanced technology, automation, and the specialized talent required to implement it.