The Great Recession has affected many things in the manufacturing industry during the past year and a half. The industry has shed more than 2 million jobs, many companies have suffered significant financial losses, and some have had to close their doors. But the downturn has also motivated manufacturers to fight back, to find new and better ways of doing things.
Simply put, a heightened passion for innovation has given many manufacturers a way to turn their economic prospects around. Whether it’s identifying new products, entering new markets, improving operations, or coming up with a better way to please customers, the idea of innovation has become a rallying cry for companies of all sizes.