Read some encouraging news recently. Eighteen consecutive months of growth in the U.S. manufacturing sector. According to the Institute for Supply Management™ survey, manufacturers are seeing growth in new orders and production. Many industries are reporting an increase in export business, also.
Manufacturing is growing at a rate we have not seen since 2004. Growth is good, right? Yes, growth is good. However, some industries are feeling the squeeze as customers continue to keep inventories low while supplier deliveries slow down and commodity prices inch up.
The shift from a contracting economy to an expanding one can be painful. How will your plant respond?