The Titanium Economy: An introduction
October 21, 2022
What if a group of companies could consistently outperform the market? What if they could create millions of high-quality American jobs and lead technological 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 that are redefining the future of US manufacturing.
Of the more than 4,000 firms that make up the Titanium Economy, the majority have seen an 11 to 15 percent return on invested capital2 over the past decade. Most are privately owned, small- to mid-cap companies that don’t have consumer-facing brands. And for many Titanium companies, their performance has rivaled that of Silicon Valley’s tech darlings over the past decade.
Like their namesake metal, these companies are resilient and essential to many of the products that we use every day. Winners in the Titanium Economy offer a simple playbook that America’s manufacturers—and many others—can learn from: digitalize your operations, respond to external shifts, execute programmatic M&A, upskill your workforce, and prioritize sustainability.
One example is Qorvo, the only company in the world that manufactures a critical part for mobile phones at scale. Another is NXP Semiconductors, whose innovations in precision manufacturing have allowed machine learning to be applied to nearly every industry, from retail to pharmaceuticals. The company is projected to generate more than $1 trillion of value by the mid-2030s. Behind the scenes, companies like these have been innovating and turning consistent growth for decades.
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