Even as U.S. manufacturing is in decline, it is still one of the most important industries the country has. Therefore, it is important for manufacturing companies to stay focused. With technology transforming the industry, it is critical for companies to take steps to reduce the cost of operations, reducing risk, and improving speed. There are many things companies can do to remain competitive in this declining era.
- Albeit on the decline, manufacturing remains a steady ongoing driver of the US economy.
- Costs, particularly labor costs, are a dampener on manufacturing, inciting some businesses to move offshore.
- Technology is a key component to wooing back business, with specifics including the use of robotics as well as providing highly tech-savvy workers.
“The reality of creating a multifaceted and multi-functional plant is often more challenging than the theory.”
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