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%