The companies that are still here today have already made the adjustments needed to be sustainable.
Since these businesses have a sustainable foundation, they will further improve productivity and profitability as their managers focus on operational issues.
It is also much easier to deal with customer pushback on price when the order at hand is not a make or break the company issue.
Not being as distracted by ‘existential issues’ should unleash a lot of management ideas for improvement of operations.
And give sales the courage to not accept orders that fail to reward companies for their invested capital.
Why are you optimistic about the outlook for precision machining?