Manufacturing Looks to Different Sectors

You may be surprised to know that a number of manufacturers are shifting at least part of their production to the health care market. However, this can be a great move since the medical sector should receive a boost via the Advanced Manufacturing Partnership announced by President Obama.

In some sense, this is a natural evolution that follows the same pattern companies used to deal with the economic challenges of the Great Depression. The key now is innovation.

EXCERPT:

“The first step is to follow the money and determine where the growth will occur. The U.S. health care sector is already seeing and will continue to see increased investment,” explains Simon Jacobson, research director at Gartner. “The next step is to look at your competencies and see how they can be adapted.”

Read more: How to Move Into Different Sector With Success.