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MANAGING AN INFLECTION POINT By Mike Riley U.S. manufacturing is on the brink of a profound change in the way it conducts business. Small shops must recognize and prepare for this in order to survive and remain competitive. Labor skills shortages are sweeping across our country. The power of technology has never been greater. The costs to automate have never been lower. Small shops must connect these dots and automate their operations with robots everywhere that makes sense. Automation must start now in preparation of the coming transition, not just for productivity, but to also offset future healthcare and labor-related burdens.
An inflection point is a moment of profound change, a dramatic turning point toward a positive or negative outcome. It can happen during the development of a company that makes a major strategic change. It can occur within a single market or affect an entire industry.
The fall of the Berlin Wall was an inflection point in global politics. The commercialization of the Internet was an inflection point in technology. In each case, winners emerged and losers vanished. When the Wall was dismantled, the democratic free markets of the West rose to prominence and East European communism collapsed. As online commerce exploded through the expanding World Wide Web, many Internet pioneers who launched browsers or started other online services either disappeared or were swallowed by competitors. Does anyone remember Netscape? |
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