Today is Day Two at National Manufacturing Week and, as part of the festivities, we released a survey of 3,000 of our member companies of all sizes in diverse industries and geographical areas.
Regular blog readers won’t be surprised with the results, but here’s a quick synopsis.
The biggest challenge besetting U.S. manufacturing are rising external costs associated with health care, materials and energy, which manufacturers are unable to transfer to product pricing.
On the brighter side, more than half of the respondents said they expect to increase capital spending in 2006 and to increase employment, and that almost three-fourths of them now report they are exporting to other countries.
The Boss released the survey today together with Tony Raimondo, Chairman and CEO of Behlen Manufacturing Company in Columbus, Nebraska who commented on the importance of lower energy costs in order to remain competitive.
We were also joined by Ronald D. Bullock, CEO of Bison Gear & Engineering Corporation in St. Charles, Ill., who commented on the need for skilled workers.
This is really fascinating stuff and if you’re looking for a great picture of how the manufacturing economy is doing, check out the details by clicking on the links below.
Click here for a summary of the survey.
Click here for the survey results.