2021 Marcum National Manufacturing Survey

22

THE 2021 MARCUM NATIONAL MANUFACTURING SURVEY

SURVEY RESULTS (continued)

21| Did you take advantage of any of the funding made available through the federal stimulus legislation?

18| In the past 12 months, my company has started new projects including: …actively engaging with high schools, vocational schools or community colleges by hosting plant tours, internships,or similar activities for students 47.22% …collaborating with local educational institutions for workforce training and recruitment 36.11% …the development of a formal, company-sponsored training or apprenticeship program 33.33% …the development of a formal strategic growth plan 33.33% …initiating a merger or acquisition 5.56% …launching a new product or service 36.11% …launching a new automation or technology project within our operations 50.00% …implementing a new or upgrading an existing ERP system 33.33% …launching a new cyber security program to protect our facilities, equipment, intellectual property and IT systems 33.33% …“big data” or predictive analytics to help facilitate decisions 13.89% …launching a 3D printing/additive manufacturing capability for prototyping or product production 16.67% …launching digital manufacturing, internet of things, connected machines, or similar technologies 16.67% 19| Do you export or import? Export 63.89% Import 38.89% Neither 27.78% 20| Over the next 12 months do you expect to? Increase your exports 38.89% Decrease your exports 5.56% Hold your exports steady 27.78% Increase your imports 19.44% Decrease your imports 5.56% Hold your imports steady 5.56% None of the above 27.78%

Paycheck Protection Program (PPP) loans Economic Injury Disaster Loans (EIDL)

74.29%

2.86% 5.71%

Main Street Lending

Employee Retention Tax Credits (ERTC)

22.86% 17.14%

Other

22| Do you plan to apply for PPP2 loans? Yes

48.57% 45.71%

No

Uncertain or don’t know enough

5.71%

23| Will the pandemic permanently change the way you manage:

Logistics

17.14% 20.00% 45.71% 17.14% 40.00% 40.00% 25.71%

Supply chain

Workforce safety measures Workforce headcount Workplace environment

Do more with less

Adoption and deployment of technology

Other (please specify)

2.86%

24| Did your company make production pivots (e.g., PPE or shift to alternative product lines, adoption of new product lines) since the beginning of the pandemic?

No

85.71% 14.29%

Yes

25| If yes to question 28, do you plan to continue producing these new or alternative products?

Yes, permanently

14.29%

Yes, for the near-term future (e.g., through the COVID-19 pandemic)

14.29% 71.43%

No