How the U.S. Turned Around Manufacturing
Even though the U.S. economy is the largest in the world by GDP, it was a crisis in the manufacturing sector that prompted the government to act to save the industrial sector over the last decade. On the face of it, the U.S. manufacturing sector accounts for 11.6 percent of GDP, employs over 12 million people and makes up two-thirds of all exports. Look below the surface, however, and the economy hasn't always been as healthy.
As GM Strike Stretches On, Supply Chain Starts to Suffer
By stopping all production at GM's U.S. plants, the strike is also beginning to affect the web of manufacturers that produce parts that go into the company's cars. The companies most affected so far are those that operate on a "just-in-time" basis, delivering difficult-to-ship parts like seats and door panels to GM's assembly plants from factories located nearby, said Michael Robinet, executive director of automotive advisory services at IHS Markit.