Issue 9.06
February 10, 2023
The Recipe for a
Manufacturing Boom Economy
HOW POLICYMAKERS CAN AMPLIFY
MANUFACTURERS' SUCCESS IN 2023
By Jay Timmons | NAM

The tireless dedicated work manufacturers have done to lead the pandemic recovery and to grow our industry in the face of all sorts of challenges has delivered a manufacturing boom economy. One of the best indicators of this success is that manufacturers now employ more than 12.9 million people in the United States, which is the strongest level of job growth we’ve seen since 2008. Read more >

DEVELOPING THE NEXT GENERATION
OF MANUFACTURERS

By 2030, all baby boomers will be 65 or older. With low birth rates and immigration, the exchange rate of people entering the workforce is not keeping up with the exit. In addition to the knowledge and skill gaps that manufacturers are experiencing, it is becoming increasingly more difficult for nighttime/weekend shifts to be filled with workers because child care isn’t offered during those hours. Read more >
FAST FACTS: According to the Delaware Department of Labor,
as of October 2022, the manufacturing industry employs
around 26,000 workers in Delaware, and the average annual compensation nationally was $83,882 per NAM’s data.
CAREERS IN THE TRADES
SPOTLIGHT VIDEO | M. DAVIS & SONS

Check out this video by M. Davis & Sons as it follows four of their team members working in his or her craft trade. Their stories explain why they decided to build their career in the construction trades. Watch >
SAVE THE DATE!
SPRING MANUFACTURING
& POLICY CONFERENCE
Tuesday, March 28
Delaware Technical Community College, Dover

Manufacturers depend on more than just what they can control in their organization. Fluctuating energy prices, growing inflation, and resource scarcity are all contributing to massive supply chain issues. Join the Delaware Manufacturing Association and presenting sponsor, DEMEP, for the 2023 Spring Manufacturing & Policy Conference where we will address the top economic pressures facing the manufacturing industry. Register >
2023 MANUFACTURING INDUSTRY OUTLOOK
ACCELERATING GROWTH AMID CHALLENGES
By Deloitte
Despite supply headwinds, labor shortages, and an uncertain economic environment, the manufacturing industry continues to surpass the expectations of previous years. Deloitte's 2023 outlook explores five manufacturing industry trends that can help organizations turn risks into advantages and capture growth:

1. Invest in advanced technologies to help mitigate risk
2. Implement talent management strategies to reduce voluntary exits
3. Rely on time-tested mitigation strategies with enhanced tactics to achieve supply assurance
4. Take a holistic approach to smart factory initiatives to unlock new horizons
5. Focus on corporate social responsibility

PHOTOS OF THE WEEK
DSCC staff toured the Food Bank of Delaware's Newark facility to learn more about the services and programs they
offer to tackle hunger and poverty.
The DSCC was a partner of the US
Global Leadership Coalition's 2023
Mid-Atlantic Summit this week, which featured US Senator Chris Coons.
In Case You Missed It
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Upcoming Events
Evening Mixer at
the Chase Fieldhouse

Wednesday, February 22
6:00 pm - 8:00 pm

401 Garasches Ln., Wilmington
Networking Breakfast
at Buff City Soap

Wednesday, March 1
7:30 am - 9:00 am

4764 Limestone Rd.,
Wilmington
Chamber Leadership with Dr. Colleen Perry Keith
 
Tuesday, March 14
7:30 am - 9:00 am
 
University & Whist Club
805 N. Broom St., Wilmington