State of Manufacturing
Milwaukee-based accounting and advisory firm Wipfli LLP published its 2024 State of Manufacturing report, the result of a survey garnering responses from more than 330 nationwide C-level manufacturing executives.
Top takeaways:
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88% anticipate increased revenue in 2024
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35% reported having 3+ data security incidents in the last 12 months
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71% plan to increase Industry 4.0 investment in 2024
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36% say they have successfully incorporated AI into their business operations
75%
The percentage of new jobs added to the U.S. economy from 2007-2018 that required applicants to have college degrees — a problem given that two-thirds of the U.S. labor force is composed of workers who do not, leading many employers to start removing degree requirements
Source: Opportunity@Work via Axios
1.36
The number of utility patents (per 10,000) produced in Wisconsin from 1992-2020, concerningly below the national average of 3.26. In an additional statewide innovation analysis spanning 2000-2015, the greatest per-capita patent activity in Wisconsin occurred in Outagamie (7.38) and Winnebago (7.19) counties.
Source: University of Wisconsin Extension
370 million
The expected U.S. population in 2080, after which it is expected to begin declining, based on the U.S. Census Bureau’s recently-released “most likely” scenario projections
