EACC Greater Cincinnati (European American Chamber of Commerce)

𝐅𝐮𝐧 𝐟𝐚𝐜𝐭𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐔𝐒 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫: • Roughly 𝟏𝟐.𝟖 million people are employed in manufacturing, making it the 𝟓𝐭𝐡 largest employer. (Source: https://lnkd.in/eNSDg2T2) • Of the 𝟐𝟕𝟏,𝟕𝟎𝟓 identified exporters in 2020, 𝟐𝟓% were manufacturers. (Source: https://lnkd.in/enyrG-gC) • There are 𝟐𝟗𝟐,𝟖𝟐𝟓 factories in the United States. The vast majority (268,000) have less than 99 employees. There are 𝟖𝟒𝟔 factories that have 1,000 or more employees. (Source: https://lnkd.in/enEQzYxM) • In 2023, the sector contributes $𝟐.𝟖𝟗 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 to the U.S. GDP, amounting to 𝟏𝟎.𝟑% of total GDP. (Source: https://lnkd.in/eGzN6JTV) • Average compensation in U.S. manufacturing is 10.2% higher than that for total private industry. (Source: https://lnkd.in/enSZs6wd.) • The Boeing Everett Factory in Washington State is the largest factory in the world with a surface area of 𝟑𝟗𝟖,𝟎𝟎𝟎 𝐦² (98.3 acres). (Source: https://lnkd.in/eWe2hA4F.) • California has the most manufacturing jobs (𝟏,𝟓𝟒𝟏,𝟎𝟓𝟎) and the most number of manufacturing companies (𝟐𝟒,𝟑𝟎𝟒), followed by Texas in both categories. (Source: https://lnkd.in/eR37SQPM) • The U.S. exported $𝟏.𝟔 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 manufacturing goods in 2022. (Source: https://lnkd.in/eGzN6JTV) • American manufacturing growth outpaced the rest of the world’s at the end of 2022. Additionally, in 2022, for the first time since the late 1970s, U.S. employment in manufacturing surpassed the peak set during the previous business cycle. (Source: https://lnkd.in/eEnqc-w2.) • In 2021, of the $𝟔𝟎𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 that companies spent on R&D, more than half ($𝟑𝟐𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧) was spent by the manufacturing industry. (Source: https://lnkd.in/eTWxGwex) If you want a high-resolution version, let me know in the comments! 👇 𝐌𝐚𝐩 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 𝐛𝐲: https://lnkd.in/eFvekxMS ******************************************** • Follow #JeffWinterInsights to stay current on Industry 4.0 and other cool tech trends • Ring the 🔔 for notifications!

Just posted our most recent webinar: "Doing business in the United States: what you need to know about the US life sciences ecosystem" to Youtube. The panel showcased the US medtech/biotech sectors, life science ecosystem and offered insights on the legal issues to consider when entering or operating in the US medtech/life science market. Rewatch it here: Just posted our most recent webinar: "Doing business in the United States: what you need to know about the US life sciences ecosystem" to Youtube. Rewatch it here: https://lnkd.in/efJTmFW3 @EdwardMeagher @johnjoshua @jeromeGeoffroy

🌟 A Heartfelt Thank You to EACC Greater Cincinnati (European American Chamber of Commerce) and EACC NL (European American Chamber of Commerce Netherlands)! 🌟 Altix Consulting is grateful to the European American Chamber of Commerce (EACC) Greater Cincinnati and EACC Netherlands for organizing the 2024 delegation tour to the Netherlands and NRW/Germany. This incredibly packed and exciting journey provided us with invaluable insights into advanced manufacturing and logistics and fostered meaningful connections across borders. During this busy and productive trip, Altix Co-founder and CMO Anne Cappel had the privilege to visit and learn from esteemed companies and institutions, including: Kipster – Ruud Zanders Inther Group International – Paul Hermsen STEINERT – Peter Funke Wilo Group – Gero Böhmer CLAAS – Klaus-Herbert Rolf Beckhoff Automation – Tobias Huber Our delegation also had enriching interactions in Amsterdam, Rotterdam, Venlo, Dortmund, and Düsseldorf, thanks to the outstanding support from EACC NL, JobsOhio, and NRW.Global Business. Special thanks to Nicole Fenyo, Claudia Schroeder, and Marcel Schulze for their excellent organization and to all the delegates who made this experience memorable: Kai Bitter, Christian Hock, Cierra Clymer, Dominic Franchini, Gina Rittinger, Hank Betts, Johannes (Hans) Philippo, Heather Jackson, Thorsten Schroeder, Chelsea L. Schmalenberg, MA, Joren Knockaert #EACC #AdvancedManufacturing #GlobalBusiness #Networking #AltixConsulting #InternationalRelations

As proud members of the EACC NL (European American Chamber of Commerce Netherlands), we were happy to host them in our Amsterdam office. It was an excellent opportunity to strengthen our connections and enhance our synergy in facilitating American companies' entry into European markets. With our deep understanding of the challenges US companies face in the Netherlands, combined with our comprehensive expertise in local regulations, we deliver customized, high-quality legal and financial solutions tailored to our clients' specific needs. To confidently navigate the European business landscape, we encourage you to reach out to us at https://lnkd.in/eQ3VCfJQ. Whether you prefer an in-person meeting over coffee in the U.S. or the Netherlands, or a virtual discussion to explore potential opportunities, our team is ready to support you in achieving your business goals. #builduingbridges #americanbusiness #netherlands #businessexpansion #europeanexpansion