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If you are a corporate group Can they consistently outperform the market? What if they could create millions of quality American jobs and lead innovation while building a more sustainable future?
These companies already exist. They are what we call the Titanium Economy, a cohort of industrial technology companies redefining the future of manufacturing in the United States.
Of the more than 4,000 companies that make up the Titanium economy, the vast majority of companies generate 11-15% returns on invested capital.
For the last 10 years. Most of them are privately held small businesses with no consumer brand. And many of his Titanium companies’ accomplishments have rivaled Silicon Valley’s tech darlings over the past decade.
Like their namesake metals, these companies are resilient and vital to many of the products we use every day. Winner of the Titanium Economy offers a simple strategy that American manufacturers (and many others) can learn. Digitizing operations, responding to external changes, executing his M&A programmatically, upskilling employees, and prioritizing sustainability.
One example is Qorvo, the only company in the world that manufactures critical components for mobile phones on a large scale. The other he is NXP Semiconductors. NXP Semiconductors’ innovations in precision manufacturing make machine learning applicable to virtually every industry, from retail to pharmaceuticals. The company predicts he will be worth over $1 trillion by the mid-2030s. Behind the scenes, these companies have seen decades of innovation and consistent growth.
Despite their tendency to create value, the companies that make up the titanium economy are undervalued, undervalued and misunderstood. Qorvo, for example, isn’t a name you’re likely to hear at your kitchen table.
This untold story may have practical implications. Raising the profile of these top manufacturing technology companies is a key factor in helping the titanium economy reach its full potential. Interest across stakeholders could spur new investments, government programs and much-needed manpower to address the labor shortages that threaten sector growth. This could reshape not only US manufacturing, but the future of the country, boosting US GDP from his $275 billion to his $460 billion and adding 1.5 million jobs. (Fig.).
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Large amplification cycle
Increased attention and investment in the titanium economy could start a virtuous cycle of sustainable and inclusive growth
— a phenomenon called the Great Amplification Cycle.
Despite their tendency to create value, the companies that make up the titanium economy are undervalued, undervalued and misunderstood.
The idea is simple. When an industrial company builds a manufacturing plant, it creates high-paying jobs for non-university graduates. These higher wages make people pour money into the local economy. Buy a home, eat out, and visit local stores. This allows the community to thrive. We have the funds to start businesses, manage parks, and support schools, resulting in a more diverse population coming to the area and generating new ideas and innovations. Local colleges and education systems have begun training local workforces to meet the growing talent needs. These new collectives of workers, along with increased public and private investment in research and innovation, will accelerate economic growth and attract new companies and new talent. And then the cycle begins again.
From Blacksburg, Virginia to Simpsonville, South Carolina, this economic chain reaction has seen communities across the country thrive for decades. By promoting strategic cooperation between industrial companies, educational systems and local governments, more companies can follow in their footsteps.
As we discuss in our book,
The titanium economy is “the secret weapon of America’s industrial renaissance and key to ensuring the nation’s economic vitality as the Fourth Industrial Revolution progresses and America faces intense competition from global rivals.” is. But this can only happen if enough people embrace the possibility of becoming a key part of America’s future economic engine and ushering in a new era of sustainable and inclusive growth.
This article is the first in a series on the titanium economy. Future articles will delve deeper into inclusive growth and the need to attract talent, the need for sustainability and industry opportunities, and the current trends disrupting the industry.
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