Diversification is the Key to Mitigating Risk
In a new article for thomasnet.com, Christina O’Handley recommends that companies in the manufacturing industry look to diversifying their business and expand into new markets in order to mitigate risk. She offers three reasons for considering this strategy: Building A Safety Net For The Unexpected Industry Downturns. In the event of a large customer going […]
Facing a World of Uncertainties: How Manufacturers Should be Preparing for Potential Changes in Trade Policy
Manufacturers continue to wait to see how, and how profoundly, trade rules might soon change as a result of the new administration, writes Bob McCutcheon, PwC US Industrial Products Leader in a recent article for Industry Today. While uncertainty abounds manufacturing leaders aim to prepare for a variety of scenarios and focus on developing strategies […]
Mid-Market Manufacturing Firms Are Thriving
Not only is the middle market is doing well, but it has been doing so consistently for nearly six years, according to Tom Stewart, executive director of the National Center for the Middle Market (NCMM). In a recent article for Industry Week, Steve Minter takes a look at the findings of the NCMM’s most recent […]
Reversing the Trend: Strategies for Addressing Decline in U.S. Manufacturing
Though specific statistics vary, it is clear that manufacturing and distribution industry employment has been consistently declining for a number of years. In a recent article for Manufacturing Business Technology, Greg Chesnutt, president and CEO of Prime Technological Services, offers a deeper analysis of the situation, taking a look at a variety of areas, including […]
Guidelines for Successful Manufacturing Project Management
Large projects, especially those that take place on the global scale, are quite challenging. Strong coordination and planning skills are a must, as well as the ability to problem solve. In a recent article published by iChainnel, Vaishali Badgujar offers seven project management tips for manufacturers. List the requirements—Outline everything: what the project is and […]
Mixed Opinions on the Current Direction of the US Manufacturing Sector
A recent article for the Supply Chain Digest offers a snapshot of the current US manufacturing and distribution sector. While nobody will dispute that the sector has lost millions of jobs since its peak in 1979, opinions are mixed, says the author, when it comes to the current direction, and scale of development, of the […]
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