ADVANCED MANUFACTURING

MANUFACTURING IN MOTION

Dive into the heart of Memphis's vibrant manufacturing sector, a formidable force that extends across a diverse array of products, solidifying its impactful regional presence. Discover the unparalleled strength of our manufacturing base, where innovation and efficiency converge to shape the future of advanced industries in our thriving city.

Advanced Manufacturing in Memphis

Explore Memphis's robust manufacturing sector and purchase the full report for an in-depth analysis.

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Advanced Manufacturing

BY THE NUMBERS

43.5

Employed in the Advanced Manufacturing Industry

$12

Economic Presence

2

Graduates Each Year in Advanced Manufacturing Programs

THE FUTURE OF MANUFACTURING

From non-durable goods like food and beverage to precision-based surgical and medical instruments, Memphis hosts international advanced manufacturing brands, capitalizing on its strategic location, robust infrastructure, and skilled workforce.

With an impressive 43,500 production workers and over 2,000 graduates from manufacturing programs annually, Memphis stands ready for any advanced manufacturing project. Our city, serving as America’s Distribution Hub, ensures reliable and cost-effective solutions that enhance bottom-line revenues and optimize supply chain management systems.

Situated on the 3rd busiest trucking corridor in the U.S., Memphis allows companies to reach 75% of the U.S. population within two days. The region’s critical mass of industry-specific skills, coupled with our historical and projected growth, solidifies Memphis’s specialization in manufacturing excellence and efficient product market delivery.

Explore the potential of Memphis’s advanced manufacturing sector or delve deeper into the insights with the full report.

Our Partners

Nucor

Steel

Steel
logo of power transformer company

Hyosung HICO

Power Transformer

Power Transformer

Sylvamo

Paper

Paper

Industry Presence

Industry Presence2018 Jobs2023 Jobs2028 JobsJob Growth 2018 - 2023 (%)Projected Job Growth (%) 2023 to 20282023 Location Quotient
Medical Equipment and Supplies6,7966,4846,740-4.6%3.9%4.93
Architectural and Structural Metals2,8842,4082,483-16.5%3.1%1.48
Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing2,1562,0211,962-6.3%-2.9%3.31
Grain and Oilseed Milling1,3911,8712,07834.5%11.1%7.81
Motor Vehicle Parts Manufacturing1,2961,6231,72525.2%6.3%0.82
Converted Paper Product Manufacturing1,2091,4611,31120.8%-10.3%1.24
Printing and Related Support Activities1,7741,3891,146-21.7%-17.5%0.85
Basic Chemical Manufacturing1,2641,2101,215-4.3%0.4%1.92
Plastics Product Manufacturing1,3321,1991,215-10.0%1.3%0.5
Other Food Manufacturing8601,1671,389 35.7%19.0%1.18
Top 10 Industry Total20,96220,83321,264-0.6%2.1%
Greater Memphis MSA Total44,20042,76245,307-3.3%6.0%
Industry Presence2018 Jobs2023 Jobs2028 JobsJob Growth 2018 - 2023 (%)Projected Job Growth (%) 2023 to 20282023 Location Quotient


Note: Above industries reflect 4-digit NAICS industries within the Memphis TN-MS-AR Metropolitan Area. Employment estimates derived from Lightcast Q4 2024 dataset QCEW Employment.

Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.

Workforce Presence

Occupation Description2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023) Projected Job Growth % (2023 - 2028)2023 Location Quotient
General and Operations Managers9,60912,52412,96530.3%3.5%0.88
Miscellaneous Assemblers and Fabricators5,2565,6095,5466.7%-1.1%0.94
Inspectors, Testers, Sorters, Samplers, and Weighers2,8793,6353,66526.3%0.8%1.54
First-Line Supervisors of Production and Operating Workers2,7133,1943,33317.7%4.4%1.18
Packaging and Filling Machine Operators and Tenders2,4361,8671,997-23.4%6.9%1.24
Machinists1,9281,7871,823-7.3%2.0%1.55
Industrial Machinery Mechanics1,5741,7642,02012.1%14.5%1.05
Industrial Engineers1,1431,4441,58626.3%9.8%1.08
Welders, Cutters, Solderers, and Brazers1,5491,3821,469-10.8%6.3%0.82
Electrical Electronic, and Electromechanical Assemblers626488577-22.1%18.4%0.44
Top 10 Advances Manufacturing Occupations Total 29,71433,69334,98213.4%3.8%
Occupation Description2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023) Projected Job Growth % (2023 - 2028)2023 Location Quotient


Note: Above occupations reflect Standard Occupational Classifications (SOC codes) within the Memphis TN-MS-AR Metropolitan Area. Estimates derived from Lightcast, Q4 2024 dataset QCEW Employment.

Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.

Successful Memphis Brands

Meet the brands who are making big strides in their business and taking advantage of Memphis's innovation, talent and strategic location.

Success Stories

Supply Chain + Logistics

Green Mountain Technology

Green Mountain brings innovation and technology together to help large companies manage their parcel and LTL spend at a level they could not reach on their own.

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Advanced Manufacturing

Hyosung Heavy Industries

Hyosung Heavy Industries (HICO), one of the leading manufacturers in the power transformer business for the last 50 years, chose Memphis as the location for its first U.S. production operations.

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Food + Beverage

Riviana Foods

North America’s largest processor, marketer and distributor of branded and private label rice, Riviana Foods continues to invest in its production facility located in Memphis.

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Healthcare + Medical Innovation

St. Jude Children’s Research Hospital

Since 1962, St. Jude Children’s Research Hospital has been a beacon of hope to millions of family, radiating its light right here in Memphis.

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Supply Chain + Logistics

FedEx Logistics

FedEx Logistics, a subsidiary of FedEx Corporation, chose downtown Memphis as the location for its global headquarters, taking full advantage of Memphis’s strategic location, trained workforce and solid infrastructure.

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Success Stories

Why Industries Thrive Here

Between Tennessee's business-friendly environment and Memphis's strategic location, trained talent and history of innovation, doing business here is a brilliant move.

SEE OUR ADVANTAGES
LOGISTICS

#1

Busiest cargo airport in the world, serving 27 markets with non-stop service.

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STATE TAXES

6.5%

Corporate income tax and no personal income tax on wages and salaries.

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COST OF LIVING

10.6%

Lower cost of living than
 the national average.

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