Manufacturing Talks
There are millions of cool stories in manufacturing. Your host, Jim Vinoski, helps share them by talking to the people who are making them happen. Manufacturing is where the rubber meets the road. There's no hiding. You're either making good products people will buy for enough to keep you in business, or you're not. Meet the amazing folks who thrive in that survival-of-the-fittest world.
Manufacturing Talks
Author Jeff Leimbach on his book about the decline of US manufacturing - and what to do about it
So, this dude sends me a copy of his book... then pesters me relentlessly to read it.
And I'm really glad he did.
Jeff Leimbach's *Broken Supply Chains: How Financial Engineering Hollowed American Manufacturing and the Complex Journey to Resilience* absolutely nails the main factors that drove so much of American industry overseas. So it was a treat to have him on the show to talk about how we got here and how we fix things.
Jeff's ideas come from his decades of experience in manufacturing. He discusses the negative impact of short-term financial strategies, such as private equity's focus on quick returns, which often leads to the extraction of value from companies. He emphasizes the need for innovation, continuous education, and collaboration among government, educators, and businesses to revitalize manufacturing. He calls for manufacturers to advocate for themselves and the industry, and for increased awareness of available resources and support.
Highlights:
- Discussion on Financial Engineering and Extraction
- Impact of Private Equity on Manufacturing
- Challenges and Solutions for Manufacturing
- The Role of National and Local Organizations
- Call to Action for Manufacturers
There's so much more, you absolutely owe it to yourself to check out this whole episode, and go get your own copy of Jeff's book and read the whole thing. Then join us in helping right our American industrial ship.
Jeff's book: https://tinyurl.com/2hte5p5p