Whenever you hear about the decline of manufacturing in advanced economies such as the United States, its usually in the context of the dwindling fortunes of giant conglomerates. Yet, the struggle is worse for small manufacturers as they are unlikely to have the same depth and breadth of options that large corporations do.
The following are the major difficulties persons venturing into small manufacturing in the US must be prepared to deal with.
Dearth of Skilled Workers
Manufacturing companies rely on skilled workers to perform tasks ranging from configuring automation systems to welding. Unfortunately, the decline in manufacturing has created a vicious cycle whereby fewer people are interested in skilled trades due to the lower prospects of gainful employment.…Continue reading