Manufacturing has experienced significant levels of change in the past 5 years – perhaps more than any other sector in the U.S. economy. Despite these changes, manufacturing remains a vibrant sector providing a livelihood to millions of American workers, and delivers much-needed goods and services to domestic and international customers. At the same time, today’s manufacturers are challenged by global competition, downward pricing pressures, increasingly stringent regulatory guidelines, rising labor costs, rapidly changing technology, international sourcing and a shortage of qualified workers.
The rising worldwide demand for energy and ensuing rise in oil prices in 2007 and 2008 benefited companies that manufacture oil drilling and transportation equipment like US Steel (X) and Caterpillar (CAT) but hurt the automobile manufacturers that are lagging in hybrid technology like General Motors (GM) and Ford Motor Company (F). The 2008 financial crisis and global slowdown in early 2009 has in turn destroyed demand for automobiles, steel, and construction.
We have found that only by understanding the structure and practices of manufacturing can we deal with the increasingly complex challenges you face. Your success is determined by how your company deals with the sales, operational, management and financial challenges. Sousa & Weber provides your business with business and management insight to help you reach your goals.
Sousa & Weber understands that global competition requires solid financials.