The manufacturing industry includes businesses that convert raw materials or parts into finished goods or products that are sold commercially. The manufacturing industry is an umbrella that covers several other industries like food and beverage, textile, automobile, and pharmaceutical.
The U.S. manufacturing industry is one of the largest in the world. However, globalization has impacted the manufacturing industry in recent years with many companies using labor and material from other countries. Additionally, advances in automation and technology are changing the industry’s efficiency.