Tech-Clarity Insight: Innovating Through an Economic Downturn – A PLM Action Plan for Small to Mid-Size Manufacturers Facing Difficult Times describes how manufacturers can weather the current, global economic downturn. This paper is intended to help manufacturers develop a strategy to make it through tough times and come out ready to take advantage of the
A quick peek into some research on … the economic state of manufacturing in the US. I don’t research the market or financials, but the least 12-24 months have been tough on manufacturers and all of those that are a part of the manufacturing ecosystem. I saw this press release from the Associated Press, and realized how long I have been waiting for some positive indication for all of us. And here it is…”Stocks higher on improving manufacturing data.” It’s about time!
A quick peek into some Tech-Clarity research on … Innovating Through an Economic Downturn points out the importance of innovation so that smaller manufacturers can survive in the current, global economic crisis. The paper is intended to help companies develop an action plan that both recognizes the difficult reality that most manufacturers face today, and allows them to continue to invest in the future. This research complements earlier Tech-Clarity research focused on Engineering’s Role in Surviving a Down Economy, focusing on the implications for small to mid-size businesses (SMB).