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The big picture: Investing in innovation during economic downturns

As manufacturers are aware, the cost of doing business is increasing. Volatile market conditions have created a squeeze on companies that are stuck between the rock of increasing raw materials prices and the hard place of customers who are not ready to shoulder new costs. Along with the cost squeeze is the issue of excess production capacity.  Canadian manufacturers have headroom to produce more and while there has been recovery over the last two years, production levels are still at a similar level to five years ago. 

Read more HERE https://www.automationmag.com/investing-in-innovation/