Exclusive outtakes from industry leaders
The decline in U.S. manufacturing is nowhere more evident than in parts of Ohio. As factories close, 250,000 manufacturing jobs have been lost in the past four years — and those jobs will be on voters’ minds March 4th when they go to the polls.
Manufacturing jobs across the board will be discussed this week at the annual Reuters Manufacturing Summit in Chicago. Executives are expected to have jobs, the overall economy and the M&A environment much on their minds as they meet with Reuters reporters and editors.
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?”