There is a need to rebuild our infrastructure: everything from roads, bridges, and railroads to utilities is in desperate need of refurbishment or replacement. There is no better time than the present to create the clean sustainable industry 5.0 model.
Our industrial leaders need to think differently in order to be successful on the global stage, it’s all about continuously lowering the total cost of ownership. It’s no longer about chasing low cost labor and quarterly profits.
Our industrial leaders need to embrace, and be zealots for, operational excellence. They will need to invest in, the training and development of associates. And invest in robotics, effective automation, and 3D/Additive manufacturing.
Governmentally, there is a need to legislate amendments for the manufacture of healthcare PPE, antibiotics, and critical prescription drugs within the United States.
Consumers will not tolerate inflation/higher prices. They have been conditioned for the biggest and best new technology products at the big box stores, the availability of a greater variety of options and lower prices.
Corporate winners will be able to meet consumer expectations with higher quality goods, responsiveness, and flexibility by consistently lowering the total cost of ownership.
Only amateurs will raise prices.
Art Koch's Profit Chain®
“Dramatic improvements to inventory velocity, increased customer service and corporate profits.”
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