Ideal for manufacturers
Kempler Industries conducted a survey analyzing a city’s manufacturing sector based on four key factors including: total manufacturing jobs, year-over-year industry growth and median salary. Wisconsin led the nation with six cities on its Top 50 list. Among cities in the New North, Green Bay was ranked No. 15 in the nation.
Manufacturers started 2020 with high expectations, with their primary concern being a lack of employees, according to Deloitte’s annual manufacturing forecast survey. Halfway through the year, the picture changed:
- 8 in 10 industrial companies anticipate a negative financial impact on their business in 2020 due to the COVID-19 pandemic.
- Projections based on the Oxford Economic Model anticipate U.S. manufacturing GDP to decline by 14 percent in 2020.
- Manufacturing leaders believe that during the next 10 years, the emerging business model will be equally split between products/equipment and services/outcomes compared to the current 75/25 percent mix in favor of products.
Source: Deloitte Mid-Year 2020 Manufacturing Industry Outlook
Clean jobs take a hit
Clean energy was one of Wisconsin’s biggest and fastest-growing job sectors — until the arrival of the COVID-19 pandemic and economic downtown. Since March, 11,366 Wisconsin clean energy workers have filed for unemployment.
At the end of 2019, 76,685 workers were employed in Wisconsin’s clean energy industry. That total put the number of people employed in clean energy ahead of those employed as real estate brokers and agents, computer programmers and web developers.
Source: Environmental Entrepreneurs (E2)