Did you know 70% of American factory investment immediately flows overseas?
In this thought-provoking episode of Movers and Makers, Diagon co-founders Will Drewery and Greg Smyth join Blake Menezes to explore critical manufacturing decisions facing industry leaders in 2025. The conversation reveals a startling reality: when American companies invest in new factories, approximately 70% of that capital flows overseas to purchase manufacturing equipment. "No one knows that 70% gets wired overseas almost immediately," notes Greg, highlighting this hidden dynamic that shapes everything from innovation capabilities to strategic independence. Will adds, "Our ability to make future-facing products is only going to be limited by the toolset of tools that we have to make those things."
Against a backdrop of economic uncertainty and what Greg calls "decision paralysis," the discussion delves into why long-term thinking is essential for manufacturing success. The team explores battery manufacturing as a case study, examining how specialized equipment capabilities ultimately limit product innovation potential. Will's hot take? "Companies willing to take a bold stance on a long-term vision that is strategic and well-informed are going to do exceedingly well over the next few years." Whether you're procuring equipment, planning factory expansion, or interested in industrial strategy, this episode provides actionable insights on positioning for tomorrow's manufacturing success.
In This Episode:
- (00:00) Opening thoughts on future-facing manufacturing tools
- (01:11) Introduction to PMI numbers and manufacturing decline
- (04:12) Understanding factory investments during economic uncertainty
- (07:31) Long-term versus short-term thinking for manufacturers
- (09:34) Battery manufacturing supply chain insights and challenges
- (14:45) How Diagon helps de-risk equipment procurement decisions
- Share with someone who would benefit, like and subscribe to hear all of our future episodes!
About the show:
The Movers and Makers podcast, powered by Diagon.ai, explores the future of manufacturing and supply chain innovation. Hosted by Diagon co-founders Will Drewery and Greg Smyth, the show will cover factory-building strategies, manufacturing processes, and market insights. With expertise from Diagon, a leader in reshoring and streamlining manufacturing equipment procurement, the podcast offers valuable perspectives for engineers, executives, and enthusiasts, aiming to optimize supply chains and drive efficiency in the industry.
About the hosts:
Will Drewery Will Drewery is the founder and CEO of Diagon, an equipment marketplace focused on serving the battery industry. With a background in equipment procurement, Will's career began as a DOD contractor in Iraq in 2009, followed by significant experience at Tesla (2012-2018), where he built and led the equipment procurement team. He also gained valuable tech expertise working with Social Construct and Astra. In February 2024, Will successfully led Diagon through a pivot from a procurement software model to its current marketplace focus, raising $4.3M in Series A funding. His mission is to simplify the complex processes of sourcing, financing, and managing machinery for high-tech industries, particularly in batteries and aerospace.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.