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The Titanium Economy
Book

The Titanium Economy

How Industrial Technology Can Create a Better, Faster, Stronger America

Public Affairs, 2022 plus...


Editorial Rating

9

Qualities

  • Eye Opening
  • Concrete Examples
  • Inspiring

Recommendation

The industrial sector in the United States is undergoing a technology-driven revival. This manufacturing renaissance spans diverse industries that share a sharp business focus and an appetite for innovation. McKinsey authors Asutosh Padhi, Gaurav Batra and Nick Santhanam call this sector the “Titanium Economy” because of the resilience of its tech-savvy manufacturers. These companies, which are creating specialized products to feed global demand, are bringing prosperity to communities across the country – but they face challenges, such as labor shortages and a lack of national investment. The authors see the Titanium Economy as a crucial US cog in the ongoing Fourth Industrial Revolution and urge policymakers to support it with training and better infrastructure.

Take-Aways

  • The high-tech industrial technology sector – coined the “Titanium Economy” – is driving an industrial revival in formerly dormant US manufacturing regions.
  • The Titanium Economy is transforming communities and bringing them prosperity.
  • Titanium Economy companies invest in technology and employee engagement.

About the Authors

Asutosh Padhi is McKinsey’s managing partner for North America. Gaurav Batra is CEO and president of Ayna.AI. Nick Santhanam is CEO and president of Fernweh Group.