Whether we’re talking about overseas competition or maintaining a place in the industry during a sluggish economy, manufacturers have to be concerned about costs. Reducing its costs and increasing sales are two of the most important issues for a manufacturing firm to consider.

According to a 2007 study by The Manufacturing Institute, structural costs for U.S. manufacturers have increased significantly since 2003, and place them at a 31.7 percent disadvantage with competitors in nine major trading nations. Additionally, because of intense global competition, manufacturers face a greater cost-price squeeze than other business sectors.

The study found that almost 45 percent of U.S. manufacturing output is traded internationally, compared to just 3 percent for other sectors. This keeps U.S. manufacturers from raising prices despite rising domestic costs.

After reading the above paragraph, please don’t throw the magazine down and close up shop. Much of our content this month is dedicated to helping you remain competitive, while lowering costs and building up your bottom line. It’s not a lost cause!

Our Washington columnist explains how to reduce costs by ensuring compliance with environmental, health and safety regulations, and this month’s Safety column demonstrates how to avoid the costs of workers’ comp. Additionally, two features in this issue give away the secrets to continuous improvement and provide a guide to gaining marketshare.

Our goal every month is to introduce you to the tools and methods available to bolster U.S. manufacturing. We show you where to find them, but you have to determine yourself how to make them work for your operation.