In October, Schneider Downs conducted its 2013 Manufacturers’ Economic Survey to assess the challenges faced by manufacturing organizations and gain insight into how they think the industry can grow. Manufacturers across the United States, representing a variety of industries, with a distribution to small, medium and large organizations received the survey.
Increasing health care and energy costs and government regulations were identified as the primary concerns of manufacturers. While uncertainty still surrounds the U.S. economy and the current administration’s fiscal policies, manufacturers are cautiously optimistic heading into 2014.
Many manufacturers anticipate customer demand and sales to slightly increase in 2014, largely due to the identification of new market opportunities, including doing business internationally. Along with the anticipated increase in customer demand and sales, manufacturers are seeing an increase in jobs in 2013, a trend that may well carry into 2014. Additionally, for many manufacturers, 2013 is shaping up to be better than originally anticipated. The hope is that this momentum will carry into 2014.
We invite you to download the results of the 2013 Schneider Downs Manufacturers Economic Survey.