
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

Labor Still a Top Challenge for Manufacturers as Optimism Remains Low, Report Finds
CHICAGO — June 6, 2023 — As rising interest rates, poor economic conditions and an ongoing talent shortage continue to plague manufacturers, optimism amongst industry leaders remains low, according to

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Debbie Altham was quoted in an Aerospace Manufacturing & Design article, “Manufacturers are Neglecting RPA.” In it, she discusses the misconceptions about robotics process automation (RPA) and how manufacturers should

Jerry Murphy in Smart Manufacturing
Jerry Murphy’s article covering findings from the Sikich M&D Pulse Survey results was published in Smart Manufacturing. Jerry, CPA, CMA, CGMA, has more than 30 years of experience and is
available!
about sikich
Sikich offers a formula of technology-enabled professional services uniquely crafted to address your business’s challenges and opportunities. Our comprehensive skillsets obtained over decades of experience as entrepreneurs, business owners and industry innovators allow us to provide insights and transformative services to help strengthen every dimension of your business.