Regulations cost manufacturers, and they are not pleased

11/20/2013 | Thomas Regional

Several trade groups, including the National Association of Manufacturers and the Association For Manufacturing Technology, weigh in on MAPI's recent finding that the costs to manufacturing due to the growing number of federal regulations have increased an average of 7.6% annually since 1998. "The problem is that the system allows so many regulations to be added every year on top of those that came before," MAPI CEO Stephen Gold says. "The different agencies all add their own regulations, but they're not talking to each other. Over the years, they simply get layered one on top of the other. Having those thousands of rules interacting with each other is acting as an economic drag."

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