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Episode: How Short-Sighted Cost-Cutting Could Hurt U.S. Manufacturers
Description: Are U.S. manufacturers mortgaging their future to cut costs? New research from EFESO Management Consultants suggests that many U.S. manufacturers may be undermining their long-term competitiveness through short-sighted cost-cutting strategies driven by tariffs, rising energy costs, and ongoing market pressures. Chuck Deise, Senior Partner at EFESO, joins the podcast to share insights from EFESO’s newly published research, in which out of 150 large ($5 billion in revenue) and middle-market ($500M to $5B) manufacturers surveyed, 79 percent said delaying capital investments is important to their cost takeout efforts this year. However, nearly half (44 percent) expressed concern that this will increase costs by...