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We Have The Capacity Survey Results Webinar

Washington is making historic investments in our technological edge to compete in this new era of great power competition. But the North American forging industry is at risk of being neglected by a combination of inattention from government authorities, a stubborn myth that it lacks sufficient capacity to meet demand, and trade policies that hobble us and aid our adversaries. The North American forging industry consists of more than 152 plants in 38 states and employs more than 36,000 workers. Forged products are feeding the defense, aerospace, automotive, space, mining, transportation, semiconductor, clean energy, medical, and construction industries.

 

In a recent independent survey, roughly 60 percent of forging companies that were evaluated reported that they sell products to the defense industry. The independent assessment by the accounting firm Wipfli which specializes in the manufacturing industry, also found that roughly half of the 41 forging companies surveyed are operating only at a 52% capacity utilization level. Underutilization is even more pronounced amond those that responded that they primarily do defense-related work. Click here to view the results of the survey.

What does this mean? There is ample untapped capacity to do additional work to support our armed forces. However, an overly cumbersome defense acquisition system and unpredictable material shortages stmies the nation's ability to tap into the industry's capacity., even as the Department of Defense's needs are growing. For more information on the North American forging industry's ability to support the government and military, visit the FIA website here.

Please join us on Thursday, November 14th for a thorough examination of the independent assessment conducted Wipfli - an examination of the capacity utilization of North American forging companies.

Date: November 14, 2024

Time: 1:30 p.m. - 2:30 p.m. (ET)

Cost: FREE

Platform: Zoom meeting

Presenters:

                                                  
                 Cara Walton                Nicole Jaeckel           Jim Warren  
                       Wipfli                        Wipfli                  FIA  

 

A Zoom log-in link will be sent out prior to the virtual meeting. Please log in at the top of this page to register. If you have questions about registration, please contact Kathy Edwards at kathy@forging.org or call (216) 781-6260.
When
11/14/2024 1:30 PM - 2:30 PM
Eastern Standard Time
Where
Zoom Meeting
Sign in or create an account to register Last day to register is 11/13/2024