What to Expect for the Future of Manufacturing
Manufacturing industry overview The manufacturing industry is of high importance to the American economy. In 2016, the United States manufacturing sector would’ve stood alone as the ninth-largest economy in the world, according to the National Association of Manufacturers. As with many industries, the manufacturing industry faces both unique challenges and opportunities for advancement. Some of the challenges manufacturers are facing include market volatility, rising material cost and growing pressure to reduce prices. In an effort to combat these challenges, many manufacturers are also working to improve their performance across capabilities, strengthen their relationships with consumers and are seeking out [...]