Small Manufacturers Face Unique Challenges with Growth
The Manufacturers' Pain Points newsletter reported the needs for new capacity and replacement cycles have converged for all types of transportation equipment—autos, trucks, airplanes, ships, and railroad. Small manufacturers need to be part of the growth cycle. An aging population has accelerated the demand for medical care, including medical supplies and, equipment. Furthermore, the manufacturing industry itself is attracting significant investment in machinery and structures thanks to the faster pace of growth and widening backlogs driven by the above themes.
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