Advanced Economies Must Still Make Things

Take away manufacturing and you’re left with...selfies

3 min read
Advanced Economies Must Still Make Things
Illustration: Chad Hagen

graph of 2015 manufacturing sector contribution to GEP

Manufacturing has become both bigger and smaller. During the past 10 years the worldwide value of manufactured products has grown, in inflation-adjusted terms, by more than 60 percent, surpassing US $12 trillion in 2015.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
Vertical
Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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