The industry is being forced to move at a faster pace than ever before, Steven J. Goodman of Epec writes.
Steven J. Goodman, User Interface & Cable Assembly product manager, Epec Engineered Technologies12.06.19
Due to increasing global competition and demand for innovative new products on a more frequent basis, the industry is being forced to move at a faster pace than ever before. In addition, customers, whether in a B2B or B2C market, demand customized products, short lead times, and higher quality. For several years during the transition, companies relied on cost-cutting to stay competitive with low-wage regions, but cost-cutting is not a sustainable long-term strategy.
As a result, companies in most industries are searching for ways to retain and grow market share while staying profitable. With margins at the breaking point, companies are looking at alternatives. Technology and ingenuity are both necessary to navigate the changing industrial landscape. Touch screens are one of the technology tools that can help by increasing worker productivity, improving product quality, and making operations more efficient.
Forces For Change
Most companies today sell to customers all over the world, w
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