While technology companies like Apple, Google, Amazon, Netflix, and Facebook have dominated headlines and stockholder returns for the past decade, there are several lesser-known companies that have performed just as well, such as HEICO, Trex, Casella, and Graco. These companies are leaders in the industrial technology sector, which covers a broad array of products that are essential to the functioning of our economy and, over the next decade, will provide a better future, not just for investors but for the workforce and our broader communities as well.
In The Titanium Economy, McKinsey partners Asutosh Padhi, Gaurav Batra, and Nick Santhanam 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. This book sets right the perception that good American jobs have disappeared and paints an attainable picture of better times to come for the industry, its constituents, and our economy at large.