Studies Show Optimism as Employment Ticks up in Manufacturing
Two recent studies suggest that manufacturing in the US and around the globe is making noteworthy progress towards a rebound. With US companies forecasting growth up from 2% last quarter and 8% over the last year, we still have a long way to go but progress is progress.
Another Good Sign for North American Manufacturers, China Continues to Get more Costly
We all know there is a certain type of work that is gone for good; low tolerance, high volume parts that no matter what we do aren’t coming back to North America. However there has buzz lately about how China has been getting more costly. China’s manufacturing sector grew in May but at a slower pace, what does this mean long-term for the manufacturing economy?
We still Have a Long Road Ahead of Us
While there does appear to be a light at the end of the tunnel, we are still seeing plants close through-out North America. Just this week Solo announced it would close three US plants with Whirlpool closing their Benton Harbor Plant. As manufacturers, now is the time for us to focus on our customers, deliver a quality product and as always, find new ways to bring in new customers and differentiate from the competition