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How did the recession affect Caterpillar in the 1980s?
In 1980s, the recession hits Caterpillar badly as it was very close to bankruptcy but somehow it manages to overcome that economic downtown. The rise in the prices of raw material, diesel, petrol, import and export costs etc. is big problems for the organizations.
What is the Strategic Development Study of Caterpillar Inc?
The technological improvements and PWTF program resulted in high quality of products, increased efficiency level and high productivity. As a result of all these efforts put by the organization, the Caterpillars 30 worldwide plants managed to cut the inventory level by 50% and manufacturing space by 21% in just 3 years.
How did Caterpillar improve its relationship with its employees?
Caterpillar also focused on repairing its relationship with the labour as they experienced many strikes because of the cost cutting the company successfully achieved the target of an healthy employee and employer relationship.
When did Caterpillar become a heavy construction company?
Finally in 1960s, Caterpillar becomes the leader of the heavy construction equipment industry. Further in 1965, Caterpillar expanded its operations to Britain, Canada, France, Brazil, Australia, India and Japan. In 1983, the company starts providing financial services as well.
Last Update: Oct 2021
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