Is the Manufacturing Industry Growing or Slowing?
A couple of months ago I started to hear of machine shops going out of business and even hearing from some of our vendors that their business was also slowing down. CrossWind, however, had so much work that our machinists were all working 50+ hours a week and still scrambling to keep up with customer demand. Our shop is (at the moment) 100% medical device components. Not that we stay away from other industries, that’s just the niche we’ve found ourselves in. Unfortunately, we’re not killing ourselves trying to complete all jobs on time like we were in recent history. Now we’ve found ourselves just trying to get enough work in to avoid laying people off. We’ve even had calls from one of our biggest material vendors asking if we needed to order anything. We’re not a very big shop so I know we aren’t one of their largest customers. For them to be calling us looking for orders, they’ve got to be in a similar boat as we are. Also, ...