Audio – Cycling down
Companies such as Caterpillar and Deere are starting to take a look at the efficiency of their manufacturing processes, as growth begins to level off, Kennametal President & CEO Carlos Cardoso told the Reuters Manufacturing Summit.
“If we don’t address efficiencies now, three years from now we’re going to have a problem with our margin,” he said. “Those are the kinds of things I would say world class companies are looking at. We are in good times, but there is a cycle and what do we do to prepare for the down-cycle?”