Henry Ford revolutionized American industry by standardizing manufacturing with very efficient processes using start-of-the art equipment and with workers enjoying the highest wages of the time.
There is a commonly held misconception that the revolution started by Ford is over and manufacturing is in a long decline. It remains a heated topic and major theme of the last presidential election. The reality is far different from the rhetoric. American manufacturing is not in decline but actually growing in some interesting ways. It’s continued growth and long-term success will require rethinking some of its core assumptions and long-held beliefs.