McGladrey: ‘Cautious confidence’ requires a global view

McGladrey's Fall Monotor Report states that manufacturing is growing slowly. They recommend further growth will come from a global strategy that meets the demands of a growing customer base.

02/13/2012


McGladrey’s national manufacturing practice’s Fall Monitor report reveals manufacturers are seeing slow growth, and it recommends ways for that growth to accelerate.

“Despite a number of challenges in rising prices and falling sentiment, 43% of Fall Monitor participants say their businesses are thriving and growing,” the report stated. “This cautious confidence is corroborated by the latest National Association of Manufacturers/IndustryWeek survey that found that 65%t of NAM members were either somewhat or very positive about the current business outlook.”

Overcoming the global barriers to growth will require a global strategy. “The most common mechanism for middle market manufacturers and distributors to export appears to be a basic one: customer and/or key client demand. The next most common reason for a company to export is a more internal, strategic driver, long-term market growth, which plays a part in the decision as well for more than half of the survey participants,” the study stated.

Another challenge is the long-stated issue of finding skilled workers. “Finding qualified workers to fill open positions continues to be one of the most critical and difficult issues to address for manufacturers and distributors throughout the U.S.,” said Karen L. Kurek, national manufacturing and distribution practice leader for McGladrey’s manufacturing practice. “It is reaching a level where this skill gap is having an impact on the ability of some companies to compete.”

Download the full Manufacturing and Distribution Monitor Fall 2011 Report here.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me