The manufacturing industry undergoes continual changes and cycles of expansion and contraction. Currently in the midst of a growth cycle in most regions of the world, the industry is showing major productivity gains with the introduction of new methods and technologies. These technologies create challenges as well as opportunities for increasing market share. Here are a few of the challenges with the most potential for disruption.
If a business truly wants to understand its competition, it needs to be aware of its context. It should study the government the competition operates within and the industries being promoted by that government. Fortunately, for those interested, the Canadian government offers many resources to help businesses understand what sectors it prioritizes and emphasizes. As Canada remains a vital economic power, its strategies remain worth studying.
Traditional American manufacturing activities are slowly returning from overseas. Whether the decisions to do so were initially based on rising costs abroad, the need to react quicker to American consumer demands or other reasons, many U.S. manufacturers are experiencing more benefits than initially considered. Here is a look at what it takes to drive the reshoring trend ahead and what companies can gain from these efforts.
Much of who we are and how we learn is determined by our life experiences. Our parents are our teachers and mentors. They show us how to live, how to love, and how to be better people. Parents set the examples for us to follow in everyday life. These life lessons apply to business and can make the difference between success and failure.
ChumpCar racing is a grassroots, accessible-to-all twist on professional stock car racing. ChumpCar International, the sport’s major organizer, describes the activity best: "Real Racing, Real Tracks, Real Cheap Cars." Surprisingly, however, despite its rugged and rusted appearance, ChumpCar racing can serve as an inspiring example for eager leaders looking get their companies’ engines revving.
Understand dynamic global markets.
Understand what’s occurred and more accurately assess what’s ahead. Improve your corporate strategic plan, seize the right opportunities, and boost competitiveness and profits.
Informative, analytical and policy-oriented perspectives.
Comprehend the impact of past events and fully grasp and prepare for the challenges ahead.