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M&D Mini Series: Manufacturing Outlook: 2018 and Beyond

Sikich

Aug 16 2018

1 min read

Fewer manufacturers and distributors say they’re more optimistic about the U.S. economy than the previous year. The number of manufacturers saying they’re more optimistic about the U.S. economy fell to 66 percent, down from 75 percent last year. In addition, 11 percent of respondents say they’re “less optimistic” about the U.S. economy, up from 5 percent last year.

However, respondents indicate they’re more optimistic about the global economy. The reasons for declining optimism in the U.S. could be related to various factors, including trade policies and the ongoing workforce shortage. Tariffs ordered on steel and aluminum imports could create some winners and losers.

The uncertainty is another reason why organizations must implement technologies and strategies that increase efficiency and competitiveness. This includes IoT, robotics and other smart technologies as well as proactive talent development approaches. Investment in product development will also be critical to attract new markets. Consultants with expertise in trade, finance and human capital can help manufacturers develop strategies to meet competitive challenges in 2018 and beyond.

To learn more about the industry sentiment for M&D, download our 2018 M&D Report.

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Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 