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Many thriving manufacturers have slimmed down, most notably through lean manufacturing. The practice can give companies a “chameleon-like” quality and act as an insurance policy in economic downturns.
For every dollar reduced with lean manufacturing, companies see $5 in additional sales. Into the future, companies will continue to be protected if they keep their eyes on innovation and always stay on the lookout for new product lines and markets.
Read the full article from the Worcester Business Journal by clicking on the link below: