Lifecycle Insights recently performed a survey of small and mid-sized manufacturers to learn more about the challenges they face. This survey spanned multiple countries and reached over 500 key decision makers.

The challenges most likely to impact a company’s outlook on improving mechanical design include:

• Maintaining development schedules and deadlines
• Coordination with OEMs, suppliers, and partners
• Complying with regulatory requirements and standards
• Shrinking development budgets
• Setting and hitting cost targets
• Hiring, developing, and retaining quality talent