Productivity growth in manufacturing is stuck. Despite improvements in equipment, software and management approaches, annual labor productivity growth in the U.S. was around 0.7 percent between 2007 and 2018.
Wire and spring makers do some quite-interesting work. Ace Wire Spring & Form Inc., for example, regularly turns thick wire into specialty hooks using a complex, multistep production process.
Diversification is just as important for company managers as it is for individual investors. Both parties know it helps ensure growth without being dragged down by any one declining market sector.
ABB variable frequency drives (VFDs) are used in a variety of industrial and commercial applications to improve productivity and energy efficiency in mechanical systems run by an electric motor.
Developing new aircraft is always a challenge, but one that engineers at Gulfstream Aerospace Corp. (GAC) have successfully dealt with for more than 60 years. GAC produces state-of-the-art corporate jets for companies and governments all around the world, with hundreds of them currently in operation.