DowDuPont's Andrew Liveris: How America Can Bring Back Manufacturing
From Knowledge@Wharton: Smokestacks belching hazardous gases, rivers so polluted they catch fire, workers in identical overalls turning bolts with wrenches: For many Americans, the word “manufacturing” conjures up negative, old-fashioned images. Or, we think of it as something that takes place in less-developed nations, as has increasingly been the case. Many have said that factories will continue to locate wherever the work can be done most cheaply, despite political messaging about bringing back manufacturing jobs.
Manufacturing accounts for about 13% of the U.S. economy. Should we even focus on trying to “bring it back,” now that information and services — the “knowledge economy” — seems a more promising path? Andrew Liveris firmly believes we should. In fact, he said in a recent talk at the University of Pennsylvania that manufacturing is essential to our knowledge economy, and to America’s competitiveness on the global stage.
Liveris is the executive chairman of DowDuPont, a $73 billion holding company (the two giant chemical companies merged in September), and Chairman and CEO of The Dow Chemical Company. He has advised both the Obama and Trump administrations on manufacturing issues. (Liveris was head of Trump’s now-defunct American Manufacturing Council.)
The author of Make It in America: The Case for Reinventing the Economy, in which he writes that America’s economic growth and prosperity depends upon a strong manufacturing sector, Liveris was interviewed at Penn’s Perry World House during Penn Global Week by Wharton School Dean Geoffrey Garrett. Garrett referred to Liveris “the cheerleader of advanced manufacturing.” Full Article:
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