There are, conservatively, 300 gazillion books published every year. No one has the time to list them, let alone read them or review them. That’s a problem because there’s a lot of value in many books you may not hear about because of the clutter.
“Short Takes” is my humble effort to cut through the clutter and highlight business books that might be perfect for your next read. The Titanium Economy: How Industrial Technology Can Create a Better, Faster, Stronger America by Asutosh Padhi, Gaurav Batra, and Nick Santhanam may give you new ways to think about manufacturing, the future, and strategy. Here’s a portion of the promo copy on Amazon.
“In an age of instability, industrial tech is a cornerstone of our economic future. In this book, McKinsey veterans Asutosh Padhi, Gaurav Batra, and Nick Santhanam reveal the “titanium economy,” a modern, reinvented industrial sector complete with high-paying, domestic jobs;, soaring stock prices;, and critical infrastructure. They dispel the myth that the best of American manufacturing is behind us and illuminate an opportunity for a brighter future—if we can seize it.”
Here are links to some reviews of The Titanium Economy.
“It’s easy to name the companies that have dominated the stock market over the past ten years. Apple, Google, Amazon, Netflix, Facebook–these are all among the best-performing stocks for over a decade. But here’s a company that has performed just as well: HEICO. And then there’s Trex. Ever heard of Casella? Or Graco?”
“Supply-chain issues are about more than keeping shelves stocked. ‘The American spirit,’ the authors remind us, ‘is about controlling one’s destiny.’ “
From Fortune: A thriving manufacturing sector is already boosting local economies throughout the U.S.–but it’s often overlooked. Meet the ‘Titanium Economy’
“Industrial employment rose from 11.6 million jobs in January 2011 to 12.5 million in October 2021, and the United States is home to hundreds of manufacturers that deliver world-class products and excellent financial returns. Collectively, these companies make up the ‘Titanium Economy’–and their performance could be critical to driving the sustainable and inclusive growth our country needs.”
“The co-authors reveal this under-appreciated and under-valued sector of the economy for what it really is: a reliable source of high-paying, domestic jobs and soaring stock prices—a bright spot in an economy that has too often been buffeted by external shocks. The shining stars in this sector leverage technology while investing in people and processes to drive competitiveness. These companies provide a recipe for both stability and long-term, profitable growth, while also strengthening the backbone of an economic supply chain that has been under siege for several years.”
“Turns out that mid-market B2B manufacturers are the U.S. backbone, and they can do even better, new book says.”
Reading recommendations are a regular feature of this blog. Want more recommendations about what to read? Monday is “Book Day.” Come back for book reviews, reading lists and other reading-related posts.