In the most basic terms, the manufacturing industry sees raw or basic materials transformed into finished products that are ready for the consumer. The manufacturing process can be physical, chemical, or mechanical. Most manufacturing takes place in plants, mills, or factories, which produce mass quantities of goods for consumers. However, some manufacturing is still done by hand. This includes goods like art, hand-crafted jewelry, and even small-batch kitchen items.
Because the manufacturing industry creates value through the products they create, they can charge a premium for their goods. And now, manufacturers can produce at rates faster than ever thanks to consistent technological innovation. Computer systems allow thousands of units to be created in a span of just minutes.
The manufacturing industry has a direct impact on a country’s infrastructure. Manufacturers create the things we use, but they have to be run and supported by people and other industries, too. If this economic sector sees success, the rest of the economy will follow suit.