Is Manufacturing Dying?
August 6, 2012 Leave a comment
This week we will focus on manufacturing and see what the long term prospects are for this general industry. With more and more automation, globalization and differing beliefs on fair trade practices the ability to remain competitive no matter where your location has become more difficult as seen by these articles.
European and Asian factories slow – The Vancouver Sun http://www.vancouversun.com/business/fp/yourmoney/Euro+zone+manufacturing+stalls+Asian+factories+slow/7023839/story.html
US manufacturing continues to shrink – Yahoo Finance http://finance.yahoo.com/news/manufacturing-u-unexpectedly-contracts-second-140534532.html
Canadian manufacturing faces strong decline – Reuters http://ca.reuters.com/article/domesticNews/idCABRE8700RG20120801
These articles paint a rather bleak picture for the manufacturing sector however our belief is that there is a good opportunity for growth in this sector