“Footloose” or Hi-Tech Industry Returning to Manufacturing Industry Orientation: (1) resource - tr. costs - product < inputs (2) market - tr. Costs - product.

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Presentation transcript:

“Footloose” or Hi-Tech Industry Returning to Manufacturing Industry Orientation: (1) resource - tr. costs - product < inputs (2) market - tr. Costs - product > inputs (3) “footloose” - two situations: (a) transport costs are a small share of value (b) they are balanced in product & inputs Footloose at startup vs. later in firm life-cycle High-tech as footloose industry Alternative definitions of high-tech (coming)

“Industry” as a set of equivalent products versus similar products Examples - Product - Location BoeingaerospaceSeattle area PACCARtrucksSeattle area Intermecbar-code equipmentMt. Terrace Fluke Corp.measuring instr.Everett Quinton Instru.Medical eq.Seattle Micron chips/computersBoise Physio Controlmedical electronicsRedmond Tektronixelectronic eq.Portland area Microsoftdiversified CSRedmond Columbia Machineconcrete block eq.Vancouver

Attributes Product Diversity Most are small firms Many are indigenous, but in Oregon there is a significant FDI presence Role of incubators - existing firms & formal institutions (e.g. Fluke Hall on campus- UW Center for Commercialization’s New Ventures Facility & Washington Nanofabrication Facility) Locational determinants - founders & employee preferences University linkages

Rapidly Changing Product Cycles Frequently rapid changes in product and process technology One result - mergers, acquisitions, deaths, and new startups – Quintessential examples - Microsoft Office Suite, WWW strategy, Alliances – Boeing Airline models, acquisitions & divestitures over time. A tendency towards continuous “reinvention” of enterprises.

Developed by Heike Mayer, Ph.D. from Portland State

Boeing : An Atypical Case Study Early History Product Innovation in the 1920’s and 1930’s Catapulting the corporation in WW-II Jet-liner technology: waves of development Cycles in demand and structural shifts in procurement patterns, and in manufacturing technology Role of Boeing in the regional economy

Source: The Boeing Logbook

Source: The Boeing Logbook

Source: The Boeing Logbook

Source: The Boeing Logbook

Boeing Employment Fluctuations

Boeing’s Long-Run Outsourcing Trend Regional Purchases are about 7% of total, mostly services Source: Washington State Input-Output Tables

History of Boeing Purchases in Washington State

Boeing Employment Impact as a Share of Total State Employment

Washington Aerospace Job Impacts

787 Production Components

787 Production System

Modified 747 to carry 787 parts

Does Boeing Spin Out New High Tech Firms? Source on High - Tech Startups: Gary Schweikhardt

The Waning Influence of Boeing? Source: Puget Sound Regional Council Step 2030 Database Much weaker impact of downturn Big Aerospace Drop in Jobs Boeing downturn vs. other tech?