1. Invest in the future.
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“As a small company, you tend to be more nimble, and you have to work hard to stay relevant in the market,” Carver added. “Update manufacturing processes, technology and the equipment being used, and continue to expand your capabilities.”
“Evolution is key. You need to remain relevant,” DiSalvo noted.
Springett suggested that device companies are more than likely to seek forward-looking contract manufacturers.
“Are they investing in the future, such as people development and training, technology advancements, equipment upgrade and culture work around core values and purpose of the organization?” she said.
