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.