2021 Marcum National Manufacturing Survey

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THE 2021 MARCUM NATIONAL MANUFACTURING SURVEY

SURVEY RESULTS 1| What is your job function? President/CEO/Owner 60.47% CFO or financial lead 18.60% COO or operations lead 0.00% GM/plant manager or equivalent 2.33% Human resources/personnel 13.95% Other (please specify) 4.65% 2| Which one of the following best describes your company’s primary business? 

5| How did your company’s 2020 revenues compare to 2019?  

Up 10% or more

25.64%

Up about 5%

7.69% 7.69%

Flat (no growth) Down about 5% Down 10% to 20% Down more than 20%

10.26% 33.33% 15.38%

6| Looking back on the last 12 months, did your company’s workforce grow, shrink, or stay about the same?  

Discrete manufacturer

46.51%

Process control manufacturer Combination of discrete and process control manufacturer

9.30%

Grew 10% or more

15.38%

Grew 5%

2.56%

18.60% 18.60%

Stayed about the same

33.33% 15.38% 25.64%

Other

Shrunk 5%

Not applicable

6.98%

Shrunk 10% to 20%

Shrunk more than 20%

7.69%

3| Howmany employees (full- and part-time) does your company employ in all its facilities? 

7| Is workforce recruitment a critical issue for you?   Yes

Less than 25

18.60% 41.86% 27.91%

87.18% 12.82%

26 – 100

No

101 – 500 501 – 1000

6.98% 4.65%

8| Over the next two years, howmuch do you expect to adjust average compensation (including benefits) to attract new workers?  

More than 1000

4| In 2020, what were your company’s annual revenues?  We are pre-revenue 2.56% $0 – 10 million 41.03% $11 – 50 million 35.90% $51 – 150 million 10.26% $150 million + 10.26%

More than 10%

12.82% 35.90% 33.33% 10.26%

5 – 10%

1 – 5%

We are not adjusting compensation.

Unsure

7.69%

Not applicable - We do not struggle to recruit new workers

0.00%

9| Looking ahead the next 12 months, do you see your manufacturing revenues:  

Increasing? Decreasing?

79.49%

5.13%

Staying the same?

15.38%