What’s in a name? That which we call a rose, by any other name, would smell as sweet.” So says Juliet in Shakespeare’s Romeo and Juliet. Juliet is telling Romeo that their names are an artificial and meaningless convention.
That may be true in romantic tragedies, but perhaps not in manufacturing. In August, the federal Office of Management and Budget (OMB) opted to delay implementation of a new “factoryless goods producer” classification in the latest revision of the North American Industry Classification System (NAICS).