Waterjet cutting is widely known for its ability to cut virtually any material to near net shape. These materials vary from rubber to plastics, composites to metals. Versatility is a benefit waterjet cutting brings to many businesses, including New Hampshire based company, Plan Tech. Plan Tech has been manufacturing urethane parts for over 30 years, providing products for diverse groups of industries. Urethane is a high-performance rubber that can be molded easily, shaped accurately, and offers many different finishing options. We’ve invited guest blogger Kevin Healy, Vice President of engineering at Plan Tech, to tell you more about how waterjet cutting has impacted their productivity. With their vast experience and in-house capabilities, they consistently deliver tight tolerance custom urethane parts.
The Vital Role of Manufacturing to GDP
When the governments of the world undervalue manufacturing’s impact on Gross Domestic Product (GDP), the result can be detrimental to the economy. The results can include taxes and laws being put in place by governments without understanding the true impact on manufacturing. A recent study by Manufacturing Alliance for Productivity and Innovation (MAPI) suggests the US has been significantly undervaluing manufacturing’s contribution to GDP. If you are reading this post outside the US then I hope the topic at least has some relevance to you in your own country.
Manufacturing Economic Outlook At-a-Glance
Why should you care about the macroeconomics going on around you?
Well, we all know our business of manufacturing is cyclic, and those cycles are sometimes predicted (and often measured) by large scale trends. These are known as economic indicators. Having a hint of what might be coming is always helpful in making our best business decisions. I don’t pretend to be an expert economist, but in my experience our customers generally see their business rise and fall with key economic indicators.