Planned U.S. Manufacturing Investments: Momentum for the Fourth Industrial Revolution

If you have been following the news over the past three months, you have undoubtedly heard a great deal about the “wall,” a Russian-hacked election, the early work to repeal the Affordable Care Act and border taxes.  But what has also made news are the significant investments that are being planned in the United States and the efforts towards job creation/retention on U.S. soil.

It started in late November, when now-President Trump announced that he had reached a deal with Carrier to keep a thousand jobs in Indiana that were due to be moved to Mexico (I think as it turns out that number was closer to 700, but who’s counting!).

In the past month, several mega-corporations have made announcements for U.S. investments.  Walmart has announced that it intends to invest $6.8 billion in capital investments in the United States and create 10,000 jobs.  Additionally, Walmart said it plans to open 160 training centers this year.

General Motors announced a $1 billion investment in its Warren, Michigan technical center campus and the addition of approximately 2,600 jobs.  And South Korean automakers Hyundai-Kia plan a $3.1 billion investment with the potential for a new plant. 

Bayer (with its planned acquisition of Monsanto) intends to invest $8 billion, primarily for agricultural research. 

And the Advanced Robotics Manufacturing Innovation Hub, led by Carnegie Mellon University with more than 220 partners in industry, academia, government and the nonprofit sector, will receive $80 million from the Department of Defense and an additional $173 million from the partner organizations. The goal of the collaboration is expanding the capabilities and applications of robotics in the manufacturing world. 

These announcements were all made prior to President Trump taking office last month.  It will be interesting to see if additional companies follow suit, to advance our country in its fourth industrial revolution. 

Contact us with questions and visit the Our Thoughts On blog for more articles pertaining to the manufacturing industry

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2021 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
Results and Implications of the Manufacturing Institute for Supply Management’s Report on Business for Q1 2021
Behind the Numbers in ISM’s Q4 Report on Business
Manufacturing BY Brian Reitz
2020 Schneider Downs Manufacturers’ Economic Survey Results Released
Manufacturing - State of the Industry
Reshoring and Manufacturers
Behind the Numbers in ISM’s Q3 Report on Business
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us
Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]
p:571.380.9003