But meeting this rising challenge will require manufacturers to find ways of reducing costs while improving productivity.
However, with the advent of more global competition and lower prices, a strain has been placed on precision manufacturers to pay their skilled workforce competitively while still meeting customer expectations.ĭespite these challenges, the market continues to expand and advanced manufacturing sits on the cups of a future renaissance. While the price of precision equipment has continued to decrease, the development of a skilled workforce capable of running such equipment has failed to keep pace.įor most shops, their workforce of machinists remains central to how they grew their business.
In the U.S., custom manufacturing has fought to gain its place within the manufacturing sector.
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