Overall manufacturing business conditions and employment improve, but at slower rates

Source: MFG.com

Jun 20, 2011

MFG.com announced the results of its latest two-part MFGWatch Quarterly Survey of North American Manufacturers. Also, MFG.com has conducted its first MFGWatch Quarterly Survey of European Manufacturers to assess the manufacturing markets of EMEA and expand the survey to measure regional, national and global manufacturing economic performance.

Among the highlights of the Q1 2011 MFGWatch Survey of North American Manufacturers:

  • Overall manufacturing business conditions and employment improve, but at slower rates
  • Japanese tragedy impact: Supply chain disruptions increase significantly in North America
  • Top supply chain concerns among buyers: Logistics and shipping costs; volatile fuel/oil prices; finding competent suppliers
  • Inflation, higher costs temper enthusiasm among both buyer and supplier manufacturers
  • Small manufacturers see significant overall business improvement, but are hiring less

MFG.com has conducted its first MFGWatch survey of buyer and supplier manufacturers in Europe in the first quarter of 2011. A total of 2,288 manufacturers responded to the survey conducted in April. Highlights include:

  • 36% of European buying manufacturers expect to expand the number of captive suppliers eligible to manufacture their products
  • 52% experienced significant supply chain disruptions in Q1 '11
  • 36% of both buyer and supplier manufacturing companies added staff in Q1 '11
  • 14% of buyers returned production closer to Europe from a low cost country, while 19% report they will be researching similar strategies in the coming months. 31% say they are examining moving or establishing production closer to or within markets of consumption
  • 21% of buyers say their supply chain strategies were impacted by the Japanese tragedies
  • 57% of supplier manufacturers saw their businesses grow in Q1 '11, and 53% have seen an increase in inquiries from customers and/or prospects
Learn more about the MFGWatch Quarterly Survey.