We have lost a decade!
Hooray- because we are up 36 points from the low of May 2009 at 64.
Hooray- because we are achieving those year 2000 sales numbers with the lessons we learned during the lost decade: lean operations, lean setups, cellular operations. Working smarter. Maximizing use of our equipment’s capability. Tapping the ingenuity of our savvy employees.
Here is our narrative from the March Business Trends Report
Now, about that Lost Decade:
During the lost decade, we learned which jobs we could do where we added sufficient value to be the manufacturer. And which jobs were of so little value added that they would inevitably be made in low cost economies.
During the lost decade, I think we also learned the lesson that some customers are bullies and not profitable- more difficulties than they are worth.
And as we continue our lunge to profitability, I am seeing many signs that our industry knows what to do with those customers.