The Challenge Ahead: Insights For Surviving In Difficult Times

• Small and mid-sized companies are struggling as a result of the worldwide economic crisis
• Lean business practices have eliminated the historical buffer against downturns provided by built-up inventories
• Difficulties obtaining credit and finding skilled welders pose additional obstacles to business growth
• Businesses need to act boldly in order to survive now and thrive in the future
• Partnering with local educators, welding associations and business organizations can position companies for success
• Innovations in welding technology can help businesses overcome a shortage of skilled employees and increase productivity without adding additional workforce
• The economic downturn should be treated as an opportunity to innovate and invest