Markets are disrupted at a quicker pace than ever before. Welcome to the 2020s. Tesla is valued at more than Ford and GM combined. The combustion engine and its complementary industries have reached their peak and have nowhere to go but down. Jobs in heavy production are being eliminated by automation. The Coronavirus races across the globe.
OHS often benefits from these periods of disruption. GM announced in January, 2020 that it’s investing $2.2 billion in an outdated and underutilized plant in Michigan to make electric vehicles. GM’s new EVs will come off the assembly line in late 2021. OHS improvements are certain to be engineered into GM’s new plant.