MFGWatch Quarterly Survey shows manufacturing business conditions improving

Source: Business Wire

Sep 06, 2011

MFG.com announced the results of their latest two-part MFGWatch Quarterly Survey of North American Manufacturers, covering the second quarter of 2011. Highlights include:

  • Product manufacturers report supply chain disruptions have jumped to its highest level in a year (48%).
  • Hiring at job shops and contract manufacturers rose significantly in the second quarter of 2011 (36% added jobs, up from 27% that predicted they would in Q1). 
  • Job shops and contract manufacturers are resistant to exporting to foreign markets. Only 15% say they will begin or increase exports, while the remaining 85% state they will maintain, decrease or avoid exporting altogether. 
  • Top supply chain concerns among product manufacturers: Logistics and shipping costs; volatile fuel/oil prices; finding competent suppliers top the recent survey. 
  • Fewer North American product manufacturers report that they’ve reshored production from foreign supply sources. 
  • Job shops and contract manufacturers see much better business conditions than expected, up 9% from as predicted in Q1’11. 
  • Operating and shipping costs, access to capital and availability of qualified labor are seen as the top challenges by job shops and contract manufacturers.

Download a copy of the MFGWatch report

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments