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Deloitte’s Manufacturing Competitiveness Research in the News

Deloitte’s Manufacturing Competitiveness research has been widely quoted in various sources like the Wall Street Journal, the Financial Times and the Chicago Tribune. Craig Giffi has also appeared live on news networks like CNBC and testified before the US Congress about how America can regain its edge in manufacturing.

Videos

Deloitte’s competitiveness research at the U.S. Congress
C-SPAN Video | April 19, 2012
Deloitte's Vice Chairman testifies before the Congress about the state of the American manufacturing industry.

CNBC interview reveals U.S. lags in competitiveness rankings
CNBC Video | June 13, 2011
According to a new survey of 400 CEOs worldwide, the US is falling fast in competitiveness rankings.

Recent mentions in the media

MT vs. IT
CIO Journal | February 27, 2013
It is great that Americans now realize that we need a strong manufacturing industry to support the middle class and propel our economy forward. But if that’s going to work, we need to develop the human capital infrastructure to make it happen. Despite high unemployment levels in the US, a Deloitte/Manufacturing Institute study found over 600,000 unfilled openings in skilled manufacturing jobs.

Getting the Right Labor Force
Automation World | February 13, 2013
According to a September 2011 Deloitte and Manufacturing Institute online survey, the number of manufacturing jobs unfilled is around 600,000.

Casey Calls on Administration to Prioritize Manufacturing in Upcoming Budget
U.S. Senator Robert Casey | February 11, 2013
According to a 2011 joint study by Deloitte and the Manufacturing Institute, there are 600,000 unfilled manufacturing jobs due to a skills gap.

Women: an Untapped Resource in Manufacturing
IndustryWeek | February 06, 2013
In a recent report by Deloitte and the Manufacturing Institute called “Untapped resource: How manufacturers can attract, retain and advance talented women,” they identify women as a potential source for funneling new bodies into the manufacturing worker pipeline.

Skills Gap Crisis: From Students to the Unemployed to Current Workers
Huffington Post | December 17, 2012
It's difficult to determine what facts are the most disturbing about our nation's skills gap: The fact that U.S. students recently finished 25th in math and 17th in science in the ranking of 31 countries by the Organization for Economic Cooperation and Development. The fact that 600,000 manufacturing jobs have gone unfilled during a prolonged period of high unemployment, because businesses cannot find workers with the basic math, science and technical competencies. "Our data says the skills gap is very real... across-the-board," Craig Giffi, Vice Chairman, U.S. Consumer & Industrial Products Leader, Deloitte LLP, said during a conference call about the problem Thursday.

U.S. Competitiveness Slips as India Jumps in Five Years
Bloomberg | November 16, 2012
The U.S., the world’s largest economy, will slip to fifth place from third in manufacturing competitiveness in the next five years as India and Brazil race ahead, according to a report. China will remain in the top spot while India rises to second from fourth and Brazil jumps from eighth to third, according to the 2013 Global Manufacturing Competitiveness Index compiled by Deloitte Touche Tohmatsu and the U.S. Council on Competitiveness. The index, which was first introduced in 2010, reflects perceptions of more than 550 senior corporate leaders surveyed about how 38 countries rank currently and will fare in five years.

Regional Manufacturing Activity Slowed to Three-year Low in October
The Kansas City Star | October 25, 2012
A new survey from Deloitte and The Manufacturing Institute found that the majority of Americans believe that the United States needs a more strategic approach to developing its manufacturing base. “Despite the public’s overwhelming desire for American policymakers and business leaders to double down on manufacturing, it is crystal clear that they believe we are not seeing enough action,” said Craig Giffi, vice chairman of Deloitte LLP.

Americans Want Government to Boost Manufacturing
The Business Journals | October 25, 2012
Only 43 percent of respondents believe a manufacturing career is as secure and stable as a career in other industries, and nearly all believe manufacturing jobs are the first to be outsourced to other countries," Giffi said. As a result, most Americans don't want their children to get a manufacturing job -- only 35 percent would encourage this career choice, according to the survey. That's a shame because most manufacturing jobs these days are highly skilled, and pay well. You can still make something of yourself by making things for others.

Hard Unemployment Truths About 'Soft' Skills
The Wall Street Journal | September 19, 2012
More than 600,000 jobs in manufacturing went unfilled in 2011 due to a skills shortage, according to a survey conducted by the consultancy Deloitte.

Ohio Compressor Maker Hunts for Workers Amid Skills Gap
Bloomberg | September 19, 2012
U.S. manufacturing companies can’t fill as many as 600,000 skilled positions because of a lack of qualified applicants, according to a survey by Deloitte Touche Tohmatsu Ltd. and the Washington-based Manufacturing Institute released in October.

Crisis of Confidence: US Manufacturing at Crossroads
Industry Today | August 30, 2012
A recent Deloitte LLP report, “Manufacturing Opportunity,” describes how America can regain its stature. The report includes five key recommendations. Craig Giffi, vice chairman and US consumer and industrial products leader at Deloitte LLP, authored the report and provides this eye-opening summary.

Deloitte: It's Time to Seize the Manufacturing Opportunity
Industry Week | August 14, 2012
"Are we going to seize the opportunity or squander it away?" Craig Giffi asks.
The opportunity Giffi is talking about is to have policymakers take the steps needed to bolster U.S. manufacturing while foreign competitors are beseiged by economic problems. A vice chairman at Deloitte and leader of its U.S. Consumer and Industrial Products practice, Giffi has focused over the past few years particularly on the issue of manufacturing competitiveness.

Giffi says the window of opportunity is limited and has more to do with the "fortunes of our global trading partners" than any particular actions U.S. policymakers have taken. He cites the "extremely challenging situation" in Europe, cost escalation in China and Japan's currency struggles as a confluence of factors that are making this the right time for the United States to strengthen its manufacturing sector.

High Hopes For Jobs And ‘Made In The USA’
Financial Times | May 10, 2012
The [US manufacturing] sector has 600,000 unfilled positions because of a lack of qualified skilled workers, according to a report by Deloitte, the consultants, and the National Association of Manufacturers. “There is certainly a question that the lack of skills could hamper the short-term reshoring efforts,” says Deloitte’s Craig Giffi.

Even if reshoring gains pace, it may not help much to bring down unemployment. “The jobs are not being moved back here ‘one for one’,” Mr Giffi notes. “Typically, the new facilities and operations here are substituting capital – in the form of new advanced manufacturing processes – for low-cost labour that was available there.”

Deloitte Study: Economic Growth Rests With Skilled Workforce
Chicago Tribune | April 24, 2012
"In the race to future prosperity, nothing will matter more than talent," said Craig Giffi, a Deloitte vice chairman. "The skills gap that exists today will not likely close in the near future, which means companies and countries that can attract, develop and retain the highest skilled talent -- from scientists, researchers and engineers to technicians and skilled production workers -- will come out on top."

Interested in hearing more?

Email us to continue the discussion with Craig Giffi.

As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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