Snip, Snip (3/11/09)

By Teresa McPherson

Prices continue to rise, both in manufacturing and finished goods. For many households, it means cutting back, purchasing alternative brands or products or simply doing without. For manufacturers, it means trouble. How do you continue to make the same products at the same quality level for the same price when prices of materials keep going up?

Companies are responding by reducing salaries, laying off employees and other cost-cutting measures. Eastman is the most recent company taking action to further reduce costs -- by more than $100 million in response to the ongoing global economic recession. We’ve reported on these in the past, and will continue to cover them as long as they’re affecting our industry.

What is your company doing to reduce manufacturing expenses?

Teresa McPherson was the former Editor of Adhesives & Sealants Industry. She has held several editorial positions during her more than 20 years with BNP Media. She holds a bachelor’s degree in English and journalism from Eastern Michigan University.