Manufacturing is expected to grow over the next few years in the US. A recent MAPI foundation report predicts US manufacturing growth will outpace GDP growth in 2015 and 2016. Industry growth is a great opportunity but doesn’t guarantee one’s success.
Times are tough right now for miners and energy producers. China’s economy, as well as many others, have slowed and commodity prices are at their lowest level in almost a decade. Once healthy margins are tight or have vanished altogether, projects that met hurdle rates are less attractive or viewed as nonviable, and long-term plans are being questioned.