The Economics of Manufacturing: What to Expect in 2022

Jeff Oravitz, CEO of Seal for Life Industries

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"Today's modern manufacturing, it's not your father or mother, grandfather or grandmother's factories...Industry, 4.0 and the development of all of these technologies that are increasing automation, efficiency, productivity and our manufacturing plants, these create highly skilled job offer opportunities that generally pay very high wages with very strong benefits." - Jeff Oravitz, Seal for Life Industries

Jeff Oravitz is a highly-successful manufacturing leader with decades of experience in business ownership, manufacturing technology and economic trends. We tap into his insights into current and future economic trends in manufacturing.

Before we share the 3 Big Takeaways from this episode, you're in for a treat as we dive into the world of coatings - the segment of manufacturing you probably didn't know about, but it plays a role in nearly every product you use on a daily basis. Students & teachers, this is a great primer on an high-impact industry that could be a great career option for tech ed students.

3 Big Takeaways from this episode:

  1. The one thing business leaders should do if they want to expand their company: With decades of experience in mergers and acquisitions, Jeff tells us the key to successful growth is focus. Find out how to remain focused on your niche to optimize growth.
  2. Macro-economic trends in manufacturing in 2022: What are we seeing in the manufacturing industry in 2022, and what can we expect over the next 6-12 months? Supply chain issues, re-shoring of manufacturing, labor market challenges and inflation are all discussed.
  3. Three things we need to invest in for the future success of manufacturing: STEM education, research & development, and private and public financing in manufacturing. Learn why these are the 3 topics around which public policy could have a major impact for manufacturing.

 

Resources:

To learn more about 100Kin10, visit: sealforlife.com

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