In a press release dated June 17, highlighted results from the 2014 Manufacturing RiskFactor Report.* 100% of the publicly traded U.S. manufacturers Headquarted in Michigan cited Industry competition, consolidation, and pressure on pricing as the number one risk factor that is cause for many brainstorming sessions.
In Huron Township, Michigan the LDFA districts have experienced growth and firms in this district continue to make strides in market share.
Experienced and trained workforce has always been an issue in the manufacturing field. With manufacturing technology advancements, companies strive to attract the best and the brightest employees. In Michigan, The Manufacturing Technology Academy is often a partner in developing talent for the industry. http://www.tbactc.org/programs/manufacturing-description.asp