Economists and armchair pundits alike declared that the last recession was the worst since the depression of the thirties. And, while there are sighs of relief in some industries, others still struggle to gain a foothold. The employment numbers are, at best, anemic and have not made any significant gains as indicative of the number of people who are still out of work. That said, the North American Auto sector which was one of the hardest hit appears on the rebound.
A recent report by the U.S. Federal Reserve reads in part, “The output of business equipment gained 0.5 percent in March and moved up at an annual rate of
4.2 percent in the first quarter. The production of transit equipment rose 1.0 percent in March, and the production of information processing equipment advanced 1.2 percent, its largest increase since September 2013. The index for industrial and other equipment was unchanged in March, but it rose at an annual rate of 7.9 percent in the first quarter.”
In Canada, the manufacturing sector has also seen some growth albeit slowly. And, in the midst of all this good news, companies will be looking to implement or update their current time tracking solution to keep up with the demands. As manufacturers turn their attention to servicing their customers, they are beginning to realize the value a time and attendance solution can have on their business.
Today’s manufacturers understand the benefit in having the right tools to compete globally, and these companies, waste no time deploying robust workforce management solutions. As technology continues to advance and penetrate the manufacturing industry, the companies who automate with data collection tools will improve productivity, outpace their competitors and see profits increase.
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