Any student of world history can tell you that the concept of democracy is handed down to us by the culture and governance of ancient Greece. The word democracy is derived from two Greek words: “demos,” or people; and “kratos,” or rule.
My last column in February targeted some politico/economic factors that could affect the global and domestic forging industry through 2020. What wasn’t on that list was any mention of COVID-19, the virus-induced petroleum price war between Saudi Arabia and Russia and the U.S. stock exchanges plummeting toward the earth’s molten core.
Welcome to the inaugural installment of this new column in FORGE. It will be dedicated to the financial issues facing manufacturing businesses, providing guidance on financial matters to those who may not have a dedicated CFO on staff and providing additional financial insight to those who do.
As was reported in this column in October 2019, the National Safety Council reports that Americans became more likely to die from an accidental opioid overdose than from a motor vehicle crash at some point during the past three years.
Check out the October 2020 issue of FORGE, featuring our cover story on "Fever Screening and Forging Quality". Other features include "Forging with Hybrid Steel", "FutureForge in Scotland: The Goldilocks Effect", and much more.