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Small Manufacturers Think Big about Partnerships During COVID-19

06/02/2020 by in Business

coronavirus

From Industry Week

How SME’s are teaming up with public research universities and MEP centers to boost innovation capacity.

Excerpt:

The U.S. manufacturing industry has lost a staggering 5 million jobs and thousands of manufacturing establishments over the past two decades, according to a report from MForesight. Stalled manufacturing productivity growth and overseas competition are two major drivers of the decline.

COVID-19 is likely to make matters worse, but the industry may also experience five years of innovation within the next 18 months as existing and new digital technologies gain traction.

Read the rest of the article: https://www.industryweek.com/leadership/strategic-planning-execution/article/21132667/getting-smart-about-partnering-sme-edition