A Good Year for Gears

With the start of 2008, we can look back and proclaim 2007 a pretty good one for the gear manufacturing sector. According to a recent Gear Technology survey, in which 58% of the more than 400 respondents work in the U.S., an overwhelming majority (88%) were optimistic about their near-term competitive abilities, and most reported large production volume increases in 2007. Growth is predicted to continue into 2008, although manufacturers are challenged to retain qualified personnel, improve throughput, reduce lead times, and lower costs. Do your company's prospects coincide with these industry-wide trends and forecasts for the coming year?

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