The more complex the global marketplace becomes, the more attractive the idea of partnership is to many companies. Companies typically enter partnerships to seek benefits they cannot access themselves, and they seek partners for several reasons, including access to complementary capabilities, greater financial strength, access to new markets, to pool resources, or to reduce risk.

Necessity is the mother of innovation.  This is how a small-town factory of the future came to be. Discover 10 tips you can do right now to upgrade your plant to save time and money.

The future state of U.S. manufacturing depends substantially on our success in reducing, rather than further increasing, our approximately $800 billion goods trade deficit. That deficit equals about 40% of actual U.S. manufacturing output or about 5 million manufacturing jobs. Our proposed goal: collaborate to balance the trade deficit and rebuild a resilient U.S. manufacturing powerhouse.

Technology suppliers and distributors can sell more by helping customers reshore. Take advantage of the current pivot to shorter, localized supply chains for resiliency and agility in the wake of the supply shocks caused by the COVID-19 pandemic. Do what you do best and identify your products that can make U.S. manufacturers competitive enough to reshore!

During IMTS Network week, Trenton Forging and Die-Tech & Engineering were recognized as recipients of the 2020 National Metalworking Reshoring Award. The award honors companies competing—and winning—in a global marketplace.