Caterpillar, Inc OverviewCaterpillar, Inc. (Caterpillar) was founded on April 15, 1925 and is headquartered in Peoria, Illinois. For approximately 90 years, Caterpillar Inc. has helped businesses improve the world on every continent by developing different equipment in different areas of work that different businesses can use. Forbes' overview of Caterpillar, Inc states: "Caterpillar Inc. is engaged in the manufacturing of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives . The company provides technologies for construction, transportation, mining, forestry, energy, logistics, electronics, financing and electric power generation. Caterpillar operates in five segments: Construction Industries. Some of Caterpillar's competitors include Komatsu Ltd, based in Japan, Deere & Co, based in Illinois, Kubota Corp, based in Japan, and CNH Industrial NV, based in the United Kingdom. All these companies are manufacturing companies, so they face similar problems or advantages depending on the current trend of their manufacturing type. Vault’s manufacturing industry overview states: “The manufacturing industry consists of two categories: durable and non-durable goods. Durable goods, such as cars, planes and major appliances, can be used for a long time. Non-durable goods, such as food, cosmetics and clothing, are consumed more quickly. This is just a rough summary of some of the areas that make up durable or non-durable goods. The two categories are very different, which is why many different types of employees work in the manufacturing industry. Workers can vary in skills, education, and interest since the industry is so large. A factory worker is very different from an engineer, but they both work for the same department. They are part of “Manufacturing of construction machinery, mining and construction handling machinery, construction machinery and equipment and manufacturing of mining, quarrying and construction machinery”. provided by Morningstar's Caterpillar Company presentation. Caterpillar is part of the manufacturing industry; however, manufacturing is a broad term. Any process that transforms a raw material into a finished product using a machine can be considered manufacturing. To make things more understandable, I will simply refer to Caterpillar's industry as the manufacturing industry throughout the remainder of this article. The manufacturing industry is currently experiencing difficulties. According to Joe Zale, director of U.S. industrial products at Deloitte Consulting LLP., the biggest issues lie in opportunities generated by product innovation, changing talent needs and energy disruption. This is a problem for workers in the industry. This means that even if Caterpillar is currently successful, to increase its wealth and profits it will face the challenge of creating more efficient processes for creating its equipment. Therefore, using automated machines to do a worker's job is more efficient because Caterpillar does not have to pay wages to that particular machine. Additionally, to create new processes that are not automated, you will need workers who understand how to use the machines and who have