Industry Pulse:
In June 2021, Sikich surveyed more than 150 manufacturing and distribution executives from across sectors and the nation
While industry executives’ optimism looks steady and even slightly higher than Q1, supply chain interruptions and attracting talent are top of mind.
The Q2 Sikich Industry Pulse surveyed manufacturing and distribution executives like you to uncover the challenges and trends in Q2 and expectations for the year ahead.
We found that manufacturers and distributors are getting creative in times of supply chain interruption, with more than 30% of respondents stating they are manufacturing more products or components in the country than they were previously. As the future of supply chain remains unpredictable, it’s important to have a Plan B (and even C).
Further, the war for talent continues, and manufacturing and distribution executives must look beyond wages to attract and retain top talent. Nearly half of surveyed individuals offer shop floor employees compensation packages ranging between $50,000 and $80,000. Employees are now seeking additional perks to join and stay at companies, like free company apparel or educational opportunities. What sets your company apart?
Learn more over the next few pages in this quarter’s Sikich Industry Pulse. And, stay tuned for additional insights and real-time data throughout 2021.
Jerry Murphy, CPA, CMA, CGMA, Partner-in-Charge
Manufacturing & Distribution Services
Q2 Results
eyeing houses
are considering purchasing a competitor in the next twelve months
34%
18%
16%
16%
10%
0%
0%
0%
keep up with customer demands
0%
upgrades
0%
marketing
0%
optimization
0%
to covid-19 vaccine policies
to get the vaccine
Competitive in Tight Labor Market
in the news
Forbes Features Sikich M&D Industry Pulse Results
Findings from Sikich’s M&D Industry Pulse survey were highlighted in an article from Forbes. This article discusses AI in manufacturing and cites Sikich’s data on the percentage of manufacturing companies
M&D Industry Pulse Media Coverage
Sikich’s latest M&D Pulse survey results were featured in a number of media publications. In Q3 2023, Sikich surveyed more than 100 manufacturing and distribution executives on their optimism, artificial
Laura Fischer Featured in Middle Market Growth
Laura Fischer was featured in a Middle Market Growth article from the Association for Corporate Growth. Findings from Sikich’s M&D Pulse survey were included in this article. Laura, PHR, leads
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