To survive in an ever more competitive global industrial environment, manufacturers must be willing to invest in achieving greater efficiency – whether incremental or step change.
Investing in efficiency improvements means production is less likely to be offshored – image courtesy of iStock. The cautionary tale is that there is always going to be a place where labour can be acquired more cheaply. Displacement of industry has been – and will continue to be – driven by…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
