2021 Marcum National Manufacturing Survey
24
THE 2021 MARCUM NATIONAL MANUFACTURING SURVEY
SURVEY RESULTS (continued)
36| Rank your company’s policy priorities for the new presidential administration:
33| How are you using data analytics from your operations:
Increase tariffs Reduce tariffs Reduce taxes
17.14% 31.43% 51.43% 34.29% 25.71% 17.14% 11.43% 51.43% 40.00% 42.86% 5.71%
We have no data analytics capabilities. We have historical accounting reports. We have historical accounting and limited shop floor efficiency data. We have a real time accounting dashboard. We have a real time shop floor dashboard. We have a robust data warehouse and real time dashboard systems. We have predictive dashboards that help us understand what is coming and help us prepare.
14.29% 22.86%
34.29%
Additional COVID-19 stimulus funding Promote infrastructure investment
5.71%
14.29%
Promote immigration reform
Improve trade relations with China Promote clean-energy options
5.71%
Promote workforce training
2.86%
Reshoring of manufacturing to the U.S.
34| Are you taking advantage of the following tax incentives?
Buy America programs
Others
2.86%
37| What do you anticipate will be your greatest challenges in 2021?
R&D tax credit
48.57% 42.86% 31.43%
Accelerated depreciation/cost segregation
Employee Retention Tax Credit Work Opportunity Tax Credit
Securing skilled labor Succession planning
68.57% 22.86% 34.29%
0.00%
State and Local tax credits
31.43% 20.00%
Retirement of skilled workers Workplace health and safety
None of the above
8.57%
35| How do you anticipate your business being impacted by the proposed economic policies of the Biden administration?
Workforce training Healthcare costs
40.00% 37.14%
Lending/access to capital
5.71%
Higher taxes
31.43% 17.14% 22.86% 22.86%
Positive impact
17.14% 22.86% 40.00% 20.00%
Increased regulatory environment Continued impact from pandemic Managing supply chain relationships Keeping up with technology/innovation
No significant impact
Negative impact
Don’t know/Not sure
8.57%
Cybersecurity foreign sources
11.43% 17.14%
Increased competition
38| What are your top supply chain challenges? Meeting customer expectations
14.29%
On-time delivery Controlling costs
8.57%
40.00% 11.43% 25.71%
Production scheduling Raw material sourcing
Others?
0.00%
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