Supply Chain Management

Perspective: Three keys for U.S. manufacturers to build accurate forecasts

By Andrew Duguay, Prevedere Software, for Forbes

Jul 16, 2018

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The manufacturing industry essentially has its own economic cycle, but that has not always been the case. For years, manufacturing and the overall economy were closely linked; when one rose or dipped, so did the other. That relationship waned as the U.S. moved toward a service-based economy, and this has led to greater difficulty in forecasting the economic outlook of the U.S. manufacturing industry. Forecasting is not impossible, however, if the right corresponding global, long-term and subindustry indicators are all taken into account.

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