The figures above can be found in the NAM’s Q2 2024 Manufacturers’ Outlook Survey.
Research, Innovation and Technology
Key Facts
Powering Manufacturing 4.0
Manufacturers in the United States have created an innovation engine that has reshaped the world around us. New technologies and processes have brought us energy independence, new lifesaving medicines and medical devices and more efficient automobiles, to name a few – a significant transformation already underway known as Manufacturing 4.0.
As modern manufacturing in the U.S. races toward the new economic era and pursues future technologies to lead new operational advances, federal policies must keep up with the industry’s needs, prioritizing both investment and innovation.
What Should We Do Now?
Below are critical policy recommendations that Congress and the president should act on to promote and strengthen Manufacturing 4.0.
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1Deliver strong IP protections for manufacturers by advancing pro-innovation domestic policies; negotiating strong IP provisions in trade and other bilateral and regional agreements; and strengthening, not weakening, critical global IP rules.
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2Pursue a federal approach to data privacy that provides flexibility for innovation, addresses domestic and global inconsistencies and maintains U.S. economic growth and technological leadership.
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3Enact policies that curb abusive patent lawsuits while respecting IP rights for all industry segments.
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4Modernize our communications laws to reduce unnecessary regulations, spur investment in our digital infrastructure and promote the deployment of next-generation wireless technology.
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5Maintain a strong mechanism for the public and private sector to share real-time cyberthreat information and support reasonable reporting requirements for those under attack.
Share Your Voice
We encourage you to share with us your thoughts on why lawmakers should help to drive and strengthen the digital transformation underway throughout the industry known as Manufacturing 4.0. In doing so, you’re helping to equip the NAM with our most powerful advocacy tool: the manufacturing voice.