Manufacturing jobs have been leaving the United States for the last 50 years. Western industrial giants got caught napping in the late 1990s when jobs growth was fueled by a robust economy. With a strong economy, the movement of jobs overseas was masked, but the weak economy of the past three and a half years has exposed the losses. The near future outlook is not very encouraging, unless business and government begin to adapt.
Yet, opportunities to succeed and stimulate new job growth are evident. The world has needs that U.S. manufacturers can fill if the direction is there. Success is conditional on the ability to overcome challenges brought on as a result of change. Rapid changes in the present business environment require like actions on the part of modern executives. Organizations must adapt, invent new tools and change tracks.
One look at the issues that create uncertainty in our world can be stressful. Global unrest, instability in energy costs and corporate scandals are obstacles to smooth and successful business operations. Looked at from another angle, there are many business opportunities.
For example, federal Corporate Average Fuel Economy (CAF