Right from the beginning of the previous decade to the around the end of it (2001-2008) a sharp growth was seen sin the manufacturing industry. The global economic expansion of that time enticed the manufacturing industry to invest for greater infrastructure. We all evidenced huge investments by this industry for the latest equipments and modern technology but the sudden crash in the global economy allowed them to come across tough challenges and the industry had to pay the penalties for that. However, this had slowed down the growth of the global manufacturing industry but couldn’t drag an end for it. This was a good sign!
Embracing the modern technology, the industry of manufacturing is paving the way for success and no room for denying the fact that this indeed is welcoming the economic growth. The critics are still not seeing any robust growth for the industry but the truth is that countries like – China, Russia, India, Brazil etc. are considering this industry as the prospect of the economic growth in the recent future.
3 breakthrough ideas that lead growth for manufacturing industry
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