Earlier this year, The New England Council (NEC) and Deloitte Consulting LLP released a report entitled, “Advanced to Advantageous: The Case for New England’s Manufacturing Revolution.” Responding to popular conceptions that manufacturing is declining in the northeast, the report, which expanded on a 2010 NEC-Deloitte study, revealed that the region is actually set to experience a manufacturing revolution. This is due in part to existing regional advantages as well as the replication and widespread adoption of a number of progressive programs and initiatives.
Despite the recession, advanced manufacturing has proven to be a resilient sector of the economy. In fact, as the report revealed, there are many areas in which New England is setting the pace in advanced manufacturing. These include “industry clusters,” such as medical devices and biotechnology, as well as “capability clusters,” like software and artificial intelligence, and “game-changers,” such as additive manufacturing and the Internet of Things (IoT).