We can't afford complacency

It's hard to believe another year has gone by. And while many of us get a little nostalgic around the holidays, this is not the time to become complacent, especially if you're involved in manufacturing. Yes, it's true that our industry as we knew just 10 yr ago is radically different. However, the

Yet, we still have our fair share of self-proclaimed manufacturing gurus and prestigious consulting firms telling us that the decay of the American work ethic coupled with the failure to set up production facilities in countries like China and India will lead to manufacturing extinction in the U.S.

For example, I recently read an article in the Washington Post concerning a report issued by the Boston Consulting Group. This report predicts that companies failing to move facilities offshore will be caught in a vicious cycle of uncompetitive costs, lost business, underutilized capacity, and irreversible destruction of value.