Based in Lake Mary, Florida, FARO is just a few miles north of Orlando. Orlando’s main newspaper is the Orlando Sentinel, and they recently wrote an article about FARO and how the company could be “the region’s comeback player of the year in 2010”.
Like many other companies across the country and around the world, FARO experienced some difficult times in 2009. But in 2010 “sales and profits have rebounded at double-digit percentage rates”. Several of FARO’s key industries, including automakers and defense contractors, are beginning to buy again.
FARO also took advantage of the downturn and turned it into something positive. The company streamlined every part of the manufacturing operations, creating efficiencies and better work routines.
FARO CEO Jay Freeland commented: “The team basically created new capacity for our factory operation, though with fewer people. They can now deliver the same peak production they did before, but with a lower head count. It was a nice job of taking a difficult situation and turning it into a positive.”
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