“Machinery manufacturing tends to be a cyclical, capital-intensive industry. Since the great recession, revenue for companies in this sector has also been steadily rising.” Dennis Donovan
Machinery manufacturers are engaged in initiatives to buffer the cyclical downswings that periodically occur. As a result, such initiatives embrace expanding product lines, entering new geographic markets, furnishing product lifecycle management, selling re-manufactured products and providing repair/maintenance/overhaul services.
Given intense global competition, price matters, especially for more commodity/high volume products. But price is also becoming a greater factor even for more complex/sophisticated machinery. Consequently, there is a concerted effort across the machinery industry landscape to drive efficiency, lower prices and boost profitability.
About WDGC Manufacturing Location Solutions
Manufacturing location dynamics are perpetually shifting as larger trends in supply-chain logistics, global production wages, process automation (robotics), and trade policy take shape. With a manufacturing site selection analysis from WDG Consulting, you can be confident all factors have been fully considered before making your location decision. Learn More.