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ompanies compete on the decisions they make. For years – even decades – in response to intensifying global competition, companies decided to outsource their manufacturing operations in order to reduce costs. But we are now seeing the alarming long-term effect of those choices: in many cases, once manufacturing capabilities go away, so does much of the ability to innovate and compete. Manufacturing, it turns out, really matters in an innovation-driven economy. “Producing Prosperity” highlights the disastrous consequences of years of poor sourcing decisions and underinvestment in manufacturing capabilities and reveals how today’s undervalued manufacturing operations often hold the seeds of tomorrow’s innovative new products.
