10/7/2022
- BY: ROB STAUFFER
Most manufacturers are facing inflation, which drives up the cost of just about everything they buy. At the same time, the price of petroleum has risen, increasing the cost of transporting items to and from their factories. The current talent and workforce shortage, particularly in manufacturing, has caused an upward pressure on wages. And to make things even more challenging, many economic indicators are predicting a looming recession, which tends to shrink consumption and slow down production.