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The Titanium Economy
How Industrial Technology Can Create a Better, Faster, Stronger America
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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.
Summary
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.
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