new york’s manufacturing and industrial sectors · 2020-02-04 · 7 nyc industrial importance...
TRANSCRIPT
New York’s Manufacturing and Industrial SectorsCHANNELING DISTRUPTION AND THE PROMISE OF TECHNOLOGY
1.28.2020
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Overview
✓ What is MaiiC?✓ Overview of NYC Industrial✓ Key challenges✓ Profiles of NYC
Manufacturers
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MaiiC
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Council OrganizationMembers include companies and industry stakeholders
✓ Align on challenges confronting industries
✓ Share ideas and build consensus on future of subsector
✓ Take action to improve the operating environment
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Objectives of the Council
✓ Organize: Build an active, organized constituency to unify industry voice and elevate practices of high road employers
✓ Talent: Co-develop solutions to ensure reliable talent pipelines and upskilling resources
✓ Technology & Innovation: Facilitate transition to Industry 4.0 technology to support efficiency
✓ Policy & Regulation: Advise city government on regulatory and policy pain-points
MaiiC brings together the Manufacturing and Industrial
ecosystem to address the industry’s rapidly changing labor
needs and the business environment of NYC
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NYC Industrial
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NYC Industrial Importance
MaiiC brings together disparate entities of the Manufacturing and Industrial ecosystem to address the industry’s rapidly changing labor force needs and the business environment of NYC.
Organize: Build an active, organized constituency for industrial and manufacturing businesses to unify their voice and elevate practices of high road employers
Talent: Partner to co-develop solutions to ensure there are reliable talent pipelines and upskilling resources
Policy & Regulation: Advise city government on pain-points in business operations, regulations, and real estate and operational stability
Industry 4.0: Facilitate transition to Industry 4.0 technology and workplace culture to change perception and functionality of I&M
Twice average wage of
hospitality or retail sectors
Essential to functioning of city
services and infrastructure
Importantpathway to the
middle class
Vital in the response to
climate change
Central to facilitating
transition to automation
More jobs than digital tech or
finance
Fundamental component of
innovation
NYC Industrial• Urban environment provides
opportunity
• Niche Products
• High End and Customization
• Large and demanding market
• Strong talent pool
• Extensive ports
• Decades of innovation, responsive to change
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Key characteristics
✓ Offer niche, customizable, high-end services and products
✓ Large and demanding consumer base
✓ Extensive global market
✓ Strong talent pool
✓ Extensive transportation network
✓ Decades of Innovation
NYC Industrial
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of I&MNumber of Firms
Sectors Manhattan Queens Brooklyn BronxStaten
IslandNYC Totals
Production 1,962 1,301 1,761 326 144 5,594
Transportation, Logistics, & Distribution 8,292 4,213 4,501 976 547 18,529
Infrastructure Services and Utilities 394 285 260 103 61 1,103
Top 5 Subsectors by Number of Firms
ProductionTransportation, Logistics, and
DistributionInfrastructure Services & Utilities
1 Food & Beverage Wholesale Trade Telecommunications
2 Textile & Apparel Transit & Ground Passenger Transport Remediation & Other Waste Services
3 Wood Products & Printing Truck Transport Waste Collection
4 Furniture Couriers & Messengers Power Generation & Supply
5 Fabricated Metal Warehousing & Storage Natural Gas & Distribution
NYC Industrial Make-up
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Key Challenges
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“As many as 40 percent of incumbent businesses may be left wounded, perhaps mortally, by digital disruption”
Skills gap is estimated 2.4 million positions unfilled between 2018 and 2028
for manufacturing
18% of Industrial space rezoned from 2005-2015,
contributing to a~30% increase in average industrial real estate costs
over last 5 years
Key Challenges to NYC Industrial sectors
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NYC Industrial feedback on tech innovation
How to identify the right tech
Small companies can’t easily identify innovation opportunities
No centralized place to get information on technology or emerging tech
Most firms are unable to see relevance
Most companies have wi-fi, but do not have connected machines that would enable software that would improve process inefficiencies
Lack of Financial Resources and support
to offset investment
Need support to quickly understand/assess the
value and ROI
Most companies spend less than 5% on improving production/ops/R&D
Need small-medium size grants
Investors and small banks need education on financing industry 4.0 projects
Programs that can be used for capital investment are not widely known
Efficiency and production time is not tracked
Most companies believe that product and process optimization issues are important to resolve
Fear on making wrong decision
ROI support and resources is needed to understand value of Industry 4.0investment
Need more specific tech implementation examples (less generic) and resources to help evaluate the right tech
Many firms believe digital manufacturing can enable more efficient process designs
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Business Profiles
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Rosco
Smart mirrors for safety
▪ Basic Stats▪ Founded in 1907▪ Over 250+ employees
▪ Largest supplier of mirror and integrated vision safety systems to the school bus market, selling to all major OEMs and parts distributors (International/IC Corp., Freightliner/Thomas, etc.)
▪ Decades of innovation, responsive to
changes in industry, such as collision prevention services
▪ Service model
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Mondial
Real time updates for customers
▪ Basic Stats▪ Founded in 1957▪ Over 146+ employees
▪ Offers a comprehensive line of remanufactured and new products for the diesel industry (alternators, starters, turbos, injectors, diesel fuel pumps, diesel particulate filtration products, etc.)
▪ Expanding product lines and digital serial tracking software to meet regulatory changes impacting customers
▪ Service model
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Boyce Technologies
Service solution born out of innovation
▪ Basic Stats▪ Founded in 2007▪ Over 120+ employees
▪ Designs and manufactures security and communications equipment for the mass transit market (emergency response systems, intercom systems and customer information display systems).
▪ Uses state-of-the art fusion welding and advanced robotic laser machines to increase automation and accuracy
▪ Service model
