Is a lagging Chinese economy destined to cause trouble in North American markets? A sharp decline in investor sentiment overseas suggests precisely that. If you're managing a factory, now may be the time to find ways to boost efficiency.
Whether overseas economies get caught up in the mess is anyone's guess at this point, but why wait to find out? Preparing for the worst is smart business, and boosting output efficiency is a proven, timeless defense.
Investing in new equipment can certainly help to capture efficiencies, though the gains could prove transient if you don't also engage the workers whose job it is to fill orders.
Read more about ways to develop an efficient factory on IndustryWeek.
IndustryWeek is an NED companion site within Penton's Manufacturing & Supply Chain Group.