"Ford CEO Jim Farley welcomed hundreds of leaders on Tuesday from across America's manufacturing, construction, and logistics sectors to the Ford Pro Accelerate summit at Detroit's Michigan Central Station, setting the stage for an urgent conversation on U.S. competitiveness in what he calls the "essential economy." At a moment when workforce shortages and declining productivity threaten the nation's industrial backbone, Farley called for bold action and new partnerships to restore American leadership and innovation."
"When asked how America's essential economy compares to what he sees worldwide, Farley responded, "we're far behind ... It is pretty humbling when you look at where we are with our essential economy, society's acceptance and recognition for the importance of these jobs." Farley urged American businesses and policymakers to close the gap: "We really need to put our money where our mouth is.""
At the Ford Pro Accelerate summit in Detroit, Ford CEO Jim Farley warned that workforce shortages and declining productivity threaten the U.S. industrial backbone and essential economy. He said competitors like China, South Korea, and Japan are pulling ahead through relentless investment and cohesive national strategies. Farley urged bold action, new public‑private partnerships, and greater political and financial support for essential jobs to close the gap. He questioned whether current trade and economic policies align with the needs of manufacturing and critical technologies and pressed businesses and policymakers to increase investment decisively.
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