In late February, leaders of 24 manufacturing companies — including the likes of Ford, GE, and Dell — visited the White House to meet with President Trump, Treasury Secretary Steven Mnuchin, and Commerce Secretary Wilbur Ross, among others. This impressive meeting of the minds further exemplified the new administration’s focus on helping to grow U.S. manufacturing and create jobs.
One of the ways to do this is to make it as easy as possible for manufacturers like Romeo RIM to do our job — produce high quality parts and products as quickly as possible at an affordable price to our customers. At the White House meeting, attendees discussed looking at the many regulations facing manufacturers to see which ones could be removed to spark innovation while protecting workers and the environment.
Statistics quoted by the National Association of Manufacturers and others point to the need for regulatory reform, with an estimated 297,696 regulations applied directly to manufacturers, costing $35,000 per employee per year for manufacturers to comply. For some smaller manufacturers, this can be completely overwhelming.
Government research seems to align with industry claims of the need to boost manufacturing. The Bureau of Labor Statistics Employment Statistics report published February 3, 2017 showed manufacturing employment changing little in little in January, up approximately 5,000 jobs. Indications from the report’s diffusion index pointed to more manufacturing industries are losing jobs than gaining.
Help seems to be on the way; during the recent manufacturing meeting, President Trump said, “My administration’s policies and regulatory reform, tax reform, trade policies will return significant manufacturing jobs to our country. Everything is going to be based on bringing our jobs back, the good jobs, the real jobs.”
At Romeo RIM, we are making significant investments in attracting the best and the brightest to our team of experienced professionals. In the coming weeks, we’ll be sharing some of their stories here on our blog, along with more news and information about our culture of servant leadership and exciting additions to our manufacturing technology like our rotary carried LFI processing line.
As the rest of our country pushes forward toward a bright future in manufacturing, Romeo RIM stands ready to leverage our lean manufacturing and operational excellence to form strong, lasting relationships with our customers.
Interested in learning more about Romeo RIM technology and services? Call (586) 336-5877 or email us at sales@romeorim.com
