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THE FUTURE OF MANUFACTURING IN CT

THE FUTURE OF MANUFACTURING IN CT. MFG. IN CT--TODAY. END PRODUCT MFRS. LARGE, GLOBAL, B TO B MFRS. CONTRACT MFRS. MFG. SERVICE PROVIDERS MISC. SERVICE PROVIDERS. END PRODUCT MFRS. (DRIVERS).

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THE FUTURE OF MANUFACTURING IN CT

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  1. THE FUTURE OF MANUFACTURING IN CT

  2. MFG. IN CT--TODAY • END PRODUCT MFRS. • LARGE, GLOBAL, B TO B MFRS. • CONTRACT MFRS. • MFG. SERVICE PROVIDERS • MISC. SERVICE PROVIDERS

  3. END PRODUCT MFRS. (DRIVERS) • UNITED TECHNOLOGIES, GE, PITNEY BOWES, STANLEY WORKS, ELECTRIC BOAT, US SURGICAL, XEROX, LOCTITE, KAMAN, ETC.

  4. LARGE, “GLOBAL” B TO B • BARNES GROUP, TIMKEN (TORRINGTON), ROGERS, LYDALL, PRAXAIR, TRUMPF, STANADYNE, ETC.

  5. (MANY) CONTRACT MFRS. • STAMPING (OKAY), SPRINGS, MACHINING, PLASTIC INJECTION MOLDING, DIE CASTING, METAL INJECTION MOLDING, POWDERED METAL, ETC.

  6. MFG. SERVICE PROVIDERS • HEAT TREATING, PLATING, AUTOMATION SUPPLIERS PLUMBING/ELECTRICAL CONTRACTORS, STEEL ROLLING MILLS, PACKAGING SERVICES, CORRUGATED, ISO CONSULTANTS, ETC.

  7. MISC. SERVICE PROVIDERS • PAYROLL, IT, ACCT’G., LEGAL, TRAINING, ENVIRONMENTAL, BUSINESS CONSULTANTS, ETC.

  8. PROBLEMS COMMON TO ALL OF THESE GROUPS • HEALTH CARE COSTS • AGING FACILITIES, AGING SKILLED WORKERS, INSUFFICIENT REPLACEMENTS • LIABILITY, W.C. INSURANCE COSTS • PENSION COSTS • TAXES • FOREIGN COMPETITION

  9. SURVIVAL STRATEGIES FOR SMALLS • MORE MKTG. TO DIVERSIFY • CLOSER LIASON WITH CUST. R&D • CONTINUOUS PROCESS IMPROVE.—QUALITY, LEADTIMES, LEAN (ELIMINATE WASTE) • MORE VALUE ADDED SERVICES, E.G., SUBASSEMBLIES • WORKING CONDITIONS/RECRUITING

  10. SURVIVAL STRATEGIES FOR “BIGCOS” • INTERNET AUCTIONS • FOCUS ON CORP, R&D IN CT, LESS ON MFG. • MORE INNOVATION, NEW PRODUCTS, NEW MARKETS • MOVE/EXPAND TO LOWER COST AREAS • CHINA (LARGE MARKET, LOW COST)

  11. HUGE DEPENDENCE ON “BIGCOS” • PROXIMITY IS A SIGNIFICANT COMPETITIVE ADVANTAGE FOR: • CONTRACT MFRS. • MFG SERVICE PROVIDERS • MISC. SERVICE PROVIDERS

  12. RESPONSES TO BUSINESS LOST TO CHINA/ASIA • DIVERSIFY/ADD NEW BUSINESS FASTER THAN EROSION OF OLD • SET UP CHINA SATELLITE TO KEEP CUSTOMERS/LOWER COSTS • MAINTAIN SOME HIGHER END MFG. IN CT, PURCHASE OTHER FROM CHINA FOR RESALE

  13. BUSINESS CLIMATE PROMOTORS • C.B.I.A. • GOVERNOR’S COUNCIL ON COMPETITIVENESS & TECHNOLOGY • MAD(E) IN THE USA

  14. GOVERNOR’S COUNCIL INITIATIVES • BUSINESS CLUSTERS • ECONOMIC ADVISORY BOARDS • ISSUE ADVISORY GROUPS

  15. MANUFACTURING CLUSTERS • AEROSPACE COMPONENTS MFG. • BIO SCIENCE • METAL MANUFACTURING • PLASTIC MANUFACTURING • NON MFG: INSURANCE, MARITIME, AGRICULTURE, SOFTWARE/IT, AND TOURISM

  16. ECONOMIC ADVISORY BOARDS • TRANSPORTATION • WORKFORCE DEVELOPMENT • INNER CITY REVITALIZATION • MARKETING • LEAN MFG. STATEWIDE • STATE BIO SCIENCE OFFICE

  17. ISSUE ADVISORY GROUPS • CT ENERGY ISSUES • REGIONAL VOC TECH SCHOOLS

  18. CONCLUSIONS • CONTINUED GRADUAL EROSION OF MFG. EMPLOYMENT • INNOVATION WILL ADD NEW JOBS • BETTER TO PROMOTE INNOVATION THAN TO HANG ON TO OLD TECH. • WE CAN MAINTAIN/IMPROVE GAINS IN BUSINESS COSTS

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