A recent BLS study highlighted at NAIOP forecasts that 54 of the 87 manufacturing industries that it tracks will lose jobs from 2002 to 2012. Manufacturing industries projected to grow in that period are: Plastics; Animal Slaughtering; Pharmaceuticals; Special Wood Products; Furniture; General Purpose Machinery; Concrete Products; and Metalworking Machinery. These ten industries are forecast to add 683,000 jobs during the next ten years.
The worst industries in their forecast are: Apparel; Textiles; Tobacco; Leather; Computers; and Pulp & Paper. Apparel is projected to lose 69% and Textiles 47% of their workforces.
Even commodity type products like apparel can survive, but require more speed and resourcefulness. One Los Angeles manufacturer of casual wear can fill orders of up to 160,000 units in less than 24 hours. It has become a “build-to-order” producer and uses its flexibility and speed to compete with China’s five-month lead times.
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