Background:
A manufacturer of specialty steel was getting hammered by a off-shore competitors who promised lower prices and better quality.
The Problem:
As supply chains moved off-shore to countries with lower labor costs, American manufacturers risked stranded investment, and eventually bankruptcy.
The Solution:
The key to turning around the situation was to identify applications pro-actively, rather than waiting for the customer to come to you.
Results:
The initiative immediately uncovered over $6M in new sales, and set the company on a stable and profitable growth path with a business development process that their in-house team could easily continue.