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
are considering purchasing a competitor in the next twelve months
keep up with customer demands
to covid-19 vaccine policies
to get the vaccine
Competitive in Tight Labor Market
in the news
Jerry Murphy’s article, “Three strategies for manufacturers to thrive in 2024,” was featured in the Daily Herald. The article discusses manufacturers’ difficulties in the current economic climate and makes reference
https://youtu.be/J79_cPZY3Vs 2023 Economic Update for Manufacturers June 22, 2023 Watch our 2023 economic update with guest speaker, Michael Weidokal. Michael recaps the economic events of the past four years and
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