Highlights of 4th Quarter Manufacturing Survey of North American Manufacturers

MFG.com has reported the latest MFGWatch survey results for the 4th quarter and they are both interesting and heartening in some areas.  The survey represents a cross section of industries including consumer products, machinery tools & equipment, textiles, aerospace, automotive, medical, and defense.

  Here’s a quick view of the highlights:

  • 53% of respondents reported growth in company sales with only 18% reporting a decline.
  • 26% increased their staff, 57% stayed the same (but purchased more technology), and 14% reported a decrease in staff.
  • 22% returned production into or closer to North America from a low-cost country while 69% did not
  • 23%, however, reported they are researching bringing some of their production into or closer to North America while 46% said they would not
  • The top 4 important factors threatening sourcing or supply chain strategies were:  Logistics & Shipping costs (37%); Product Quality Compliance (37%); Availability of Competent Suppliers (35%) and
    Fuel/Oil prices (29%)
  • 27% reported they will be increasing their exports to foreign markets while only 2% said they would decrease exports
  • The top 5 issues having the most impact on the economic & competitive future of manufacturing in their regions were:  Operating Costs (51%); Access to Capital (35%); Logistics, Shipping & Energy Costs (34%); Extensive Government Regulations 31% ; Availability of Qualified Labor (31%)

There is more detail and plenty of graphs to be found in the full article on www.MFG.com.

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