Election 2024: Spotlight on Manufacturing Primary Voters In Iowa, New Hampshire, South Carolina, Nevada And Michigan Weigh In On AI, Robotics And Automation In New Xometry, Zogby Strategies Poll
Xometry (XMET) Poll Shows Overwhelming Voter Support for Investing in Manufacturing Infrastructure and Skilled Workers
The data presented indicates a robust public consensus on the strategic importance of domestic manufacturing for economic stability and growth. This sentiment aligns with economic principles that advocate for a strong manufacturing sector as a cornerstone of a resilient economy. The emphasis on advanced manufacturing technologies, such as automation, robotics and AI, underscores the necessity for the U.S. to maintain competitiveness in the global market.
From an economic standpoint, the focus on domestic production, especially in the defense sector, suggests a potential increase in government spending which could stimulate job creation and technological innovation. However, this might also lead to increased production costs due to higher labor standards and environmental regulations in the U.S. compared to other countries. The trade-off between security and cost-efficiency is a critical point of consideration for policymakers and businesses alike.
Furthermore, the public's support for investing in worker training for advanced manufacturing skills could signal a shift in the labor market. This could reduce the skills gap and enhance productivity but may also result in short-term displacement as workers transition to new roles. The economic implications of such a shift would be far-reaching, potentially impacting wage structures, employment rates and the broader competitiveness of the U.S. economy.
The clear voter support for manufacturing infrastructure and advanced worker training revealed in the poll could influence business strategies and investor confidence. Companies within the manufacturing sector, particularly those involved in defense, automation and AI, may anticipate favorable policies and public support, potentially driving stock prices and investment in these areas.
Businesses may also need to adapt their strategies to account for an increased focus on domestic production. This could involve reassessing supply chains, considering reshoring of operations and investing in local talent development. For investors, this presents both opportunities and risks, as companies that align with these voter sentiments may see growth, while those that do not may face challenges.
Moreover, the emphasis on training for AI and automation suggests growth potential for companies providing these technologies and services. As businesses seek to upgrade their infrastructure, providers of robotics, AI solutions and worker training programs could experience increased demand, which may be reflected in their financial performance and stock valuations.
The political landscape, as indicated by the poll, shows strong bipartisan voter support for manufacturing and skilled labor investment, which could drive legislative agendas. Politicians may leverage this sentiment to propose bills that favor domestic manufacturing, potentially leading to a regulatory environment that supports industry growth.
The focus on national security through domestic production of defense systems could result in increased defense budgets and contracts awarded to U.S.-based manufacturers. This could have significant financial implications for the defense sector and its supply chain. Companies that position themselves in alignment with these political trends may benefit from increased government spending and support.
However, the shift towards domestic production may also lead to trade tensions, as other countries could perceive this as a move towards protectionism. This could have implications for international trade relations and may affect multinational corporations operating in the U.S. The long-term political and economic impact of these sentiments will depend on the policies enacted and the response from international partners.
01/11/2024 - 08:31 AM
The Consensus Is Clear: Voters Support Rebuilding America’s Manufacturing Infrastructure And Investing In The Next Generation Of Skilled Workers Between 83% And 87% Of Voters In Each Of The Five States Agree That Manufacturing Is Pivotally Important To The Nation’s Economy More Than 80% Of Voters Agree That Weapons And Defense Systems Should Be Solely Manufactured In The U.S. NORTH BETHESDA, Md., Jan. 11, 2024 (GLOBE NEWSWIRE) -- The overwhelming majority of voters in each of the first five primary states of Iowa, New Hampshire, South Carolina, Nevada and Michigan agree that manufacturing is pivotally important to the economies of their state and the nation. As presidential primary voting kicks off in Iowa next week, a new poll from Xometry, the AI-powered digital marketplace for manufacturing, and veteran polling firm John Zogby Strategies, reveals clear voter sentiment that rebuilding America’s manufacturing infrastructure requires investments in advanced tech and worker training in automation, robotics and AI.
“As we enter the 2024 election season, the mandate of voters is clear,” said Randy Altschuler, Xometry CEO. “Voters overwhelmingly believe investing in talent and modernizing our manufacturing infrastructure is a strategic imperative that supports communities everywhere and pushes our country forward.”
Poll findings include:
South Carolina (94% ) leads the pack in saying manufacturing is important to their state’s economy, followed closely by New Hampshire (89% ), Michigan (86% ), Nevada (85% ) and Iowa (84% ). Similarly, voters say manufacturing is overwhelmingly important to the nation’s economy, with 87% of voters in South Carolina and Michigan each saying so, followed by Iowa (85% ) and New Hampshire and Nevada (83% each). Voters in each of the states also overwhelmingly agree that rebuilding America’s manufacturing infrastructure requires advanced tech (automation, robotics and AI), led by 77% of New Hampshire voters saying so, followed by South Carolina (75% ); Iowa (74% ); Nevada (72% ) and Michigan (71% ). That number jumps by as much as 10 percentage points when voters are asked whether weapons and defense systems should be solely manufactured in the U.S., led by 85% of voters in New Hampshire, Nevada and Michigan, followed by 82% of voters in Iowa and South Carolina. Looking to the future, voters in each of the five states overwhelmingly agree that investments in infrastructure and worker training should focus on robotics and automation, led by South Carolinians (76% ) followed by 71% of voters in Nevada and Michigan; 70% in New Hampshire and 59% in Iowa. Additionally, voters also agree that workers should be trained in the use of AI when it comes to manufacturing, led by 62% of voters in Nevada, 60% of voters in New Hampshire and South Carolina, 55% of Michiganders and 50% of Iowans. “From the Rustbelt to sunbelt states, the American electorate believes America, innovation, and production are essential to the American identity and its economic base,” said Jeremy Zogby, Managing Partner of Zogby Strategies. “Long-term tracking of this phenomenon points to a burgeoning desire for a manufacturing resurgence.”
About John Zogby Strategies www.johnzogbystrategies.com
About Xometry Xometry’s AI-powered marketplace , popular Thomasnet.com industrial sourcing platform and suite of cloud-based services are rapidly digitizing the $2.4 trillion manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at www.xometry.com or follow @xometry.
Xometry Media Contacts: xometry@illumepr.com
Matthew HutchisonMatthew.Hutchison@Xometry.com
Xometry Investor Relations Contact: Shawn.Milne@Xometry.com
What did the Xometry poll reveal about voter sentiment towards manufacturing?
The Xometry poll revealed that between 83% and 87% of voters in each of the five states believe that manufacturing is pivotally important to the nation's economy.
What percentage of voters in South Carolina believe that manufacturing is important to their state's economy?
94% of voters in South Carolina believe that manufacturing is important to their state's economy.
What do voters in the five states agree is necessary for rebuilding America's manufacturing infrastructure?
Voters agree that rebuilding America's manufacturing infrastructure requires investments in advanced tech such as automation, robotics, and AI.
How many voters believe that weapons and defense systems should be solely manufactured in the U.S.?
Between 82% and 85% of voters across the five states believe that weapons and defense systems should be solely manufactured in the U.S.
What do voters believe infrastructure and worker training investments should focus on?
Voters believe that investments should focus on robotics, automation, and worker training in the use of AI for manufacturing.
