Did you know:
1 – Manufacturers contributed $2.25 trillion to the United States economy in 2016.
Since Q2 of 2009, when manufacturers generated $1.7 trillion, this number has been on an upward trend. Value-added output from durable goods also grew over that same time period from $0.87 trillion to $1.20 trillion and non-durable goods output from $0.85 trillion to $1.00 trillion. In 2016, manufacturing was responsible for 11.7% of GDP in the U.S. economy. (Source: Bureau of Economic Analysis)
2 – $1.00 spent in manufacturing equates to $1.89 added to the economy.
That’s the highest multiplier effect of any economic sector. Further, for each worker in manufacturing, there are an additional four hired in another industry. (Source: NAM calculations using IMPLAN)
3 – More than 3/4 of all private sector R&D is conducted by manufacturers in the USA, driving more innovation than any other sector.
Research and development in manufacturing has gone from $126.2 billion in 2000 to $229.9 billion in 2014. Pharmaceuticals, chemicals, computers, electronics and motor vehicles and parts were the most significant contributors to R&D spending in that year. (Source: Bureau of Economic Analysis)
4 – If manufacturing in the United States was its own country it would be the ninth-largest economy in the world.
Manufacturing had $2.1 trillion in value added in 2014. Including the United States, only eight other nations could best that in terms of GDP. (Source: Bureau of Economic Analysis, International Monetary Fund)
5 – Most manufacturers in the U.S. are considered to be quite small.
In 2015, there were 251,774 manufacturers and all but 3,813 had less than 500 employees. Three-quarters had fewer than 20 people working for them. (Source: U.S. Census Bureau, Statistics of U.S. Businesses)
6 – With nearly 12.5 million workers in the United States, manufacturing takes up 8.5% of the workforce.
After the Great Recession came to an end, manufacturing companies have hired more than one million workers. 7.8 million people work in durable goods and 4.7 million work in non-durable goods manufacturing. (Source: Bureau of Labor Statistics)
7 – Virtually 50% of all manufactured goods exports went to nations that the United States has FTAs with.
The U.S. exported $634.6 billion in manufactured goods to fair trade agreement countries in 2015. 48.2% to be exact. (Source: U.S. Commerce Department)
8 – Tremendous growth over the past couple decades has made manufacturers more “lean” than ever and more competitive globally.
Output per hour has increased by more than 2.5 times since 1987 for all manufacturing workers. Productivity is about 1.7 times great for all non-farm businesses. As a matter of fact, durable goods have seen even larger growth, almost tripling its labor productivity in that same span of time. (Bureau of Labor Statistics)
9 – It’s predicted that 3.5 million manufacturing jobs will be needed in the next decade and 2 million of those openings are expected to go unfilled due to lack of skills.
(Source: Deloitte and the Manufacturing Institute)
10 – U.S. manufactured goods exports have quadrupled over the past 25 years.
Back in 1990, $329.5 billion in goods were exported. A decade later that figure more than doubled to $708 billion. Despite slowing global growth exports reached an all-time high in 2014 of $1.403 trillion. (Source: U.S. Commerce Department)
Since 1989, SnugZ has been committed to providing an exceptional customer experience and producing high quality products for their customers right here in the good ole’ USA!
(Manufacturing Facts Source: National Association of Manufacturers)
Zen Collection from SnugZ USA is a natural aromatherapy line of essential oils, soaps, candles, bath bombs and bath salts to help balance, harmonize and promote the health of the body. Price points range from $1.00 for an essential oil infused natural lip balm all the way to $150.00 for the most luxurious gift set.
What is aromatherapy?
According to the National Association for Holistic Aromatherapy, it is referred to Essential Oil therapy, which can be defined as the art and science of utilizing naturally extracted aromatic essences from plants to balance, harmonize and promote the health of the body, mind and spirit. It seeks to unify physiological, psychological and spiritual processes to enhance an individual’s innate healing process.
So, why are we telling you this?
Corporate & Retail Trends
Demand is growing extremely fast for natural products. From 2015 to 2016 it grew by 11% into a $67.5 billion dollar industry. Major consumer good and food companies are launching their own venture capital projects and investing in natural products. Right now it is all about natural, organic, biodynamic and sustainably grown goods.
How can you take advantage of this trend?
One major running retailer gives out Bath bombs as a gift with every purchase. This has turned into a successful program that has repeated at 5,000 pieces per order, multiple times. Runners are known to put their bodies through a lot of stress. The essential oil infused salts help with muscle relaxation via soaking in a hot bath.
Item: NBM23 (Bath Bombs)
End User: Major Running Retailer
Case 2: Solutions for Weary Tech Pros
The Zen Essentials Gift Set provides the perfect get away for stressed out workers. This well-known tech company wanted to provide a way for their hard working tech professionals to relax and recharge.
Item: ZGS10 (Zen Essentials Gift Set)
End User: Well-Known Tech Company
Case 3: Calming New Parents
This innovative idea was developed for the maternity ward of a premiere Florida hospital and was designed to help promote mental and physical relaxation for parents and newborns.
Item: NCTL-4PACK (4 Pk. Tea Lights)
Scents: 2 Focus, 2 Karma
End User: Maternity Ward in Premiere Florida Hospital