McKinsey Report Highlights Need for Transformed Industrial Base to Boost US Manufacturing
A McKinsey Global Institute report highlights that about $750 billion worth of imported goods pose national security risks, requiring a significant increase in domestic manufacturing. The U.S., now the second-largest manufacturer after China since 2000, has seen its factory value-added contribution to GDP drop from over 21% in the late 1970s to less than half that today.
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Topics: industrial policy manufacturing national security supply chain security