OUR THOUGHTS ON:

Schneider Downs' Annual Manufacturers' Economic Survey

Manufacturing

By Brian Reitz

Schneider Downs’ annual Manufacturers’ Economic Survey gathers valuable insight from industry leaders throughout the region, highlighting the major challenges companies are facing, as well as how they’re reacting to and preparing for significant economic changes.

The results of the 2018 survey, released this week, indicate that many manufacturers are most concerned about the workforce shortage, rising labor costs, government regulation, changing technology, succession planning and IT security. The review also provides a snapshot of how manufacturing companies are reacting to important changes recently enacted or on the horizon, including:

  • The Tax Cuts and Jobs Act
  • Trade Tariffs
  • The United States-Mexico-Canada Agreement

The analysis also focuses on rising concerns surrounding information security, in light of the ever-increasing number of breaches. Impact is considered on both a national and international scale, with the issuance of the General Data Projection Regulation in 2018, impacting those with operations in the European Union.

These results, along with insightful articles from the professionals at Schneider Downs, can be reviewed in a free, downloadable PDF on the Firm’s website. Once you’ve read the report, we hope you’ll take the time to share your feedback with us.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

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