MFGWatch Quarterly Survey shows manufacturing business conditions improving

Source: Business Wire

Sep 06, 2011 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