2021 Marcum National Manufacturing Survey

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EXECUTIVE SUMMARY

After a tumultuous year-and-a-half due to COVID-19, it’s no surprise that Marcum’s 2021 National Manufacturing Survey Report contains some contradictions. We polled leaders at many small and midsized manufacturing companies across the country to determine their principal concerns, expectations, and priorities in this incredibly challenging time. This year’s survey reveals that most manufacturers have weathered the pandemic well and expect to grow revenues in the coming year. But underlying concerns remain, particularly with respect to recruiting and retaining skilled labor, keeping costs down, procurement, and the possibility of increased taxes.

The survey also provides insights into how companies are prioritizing and leveraging technology, covering pressing issues like cybersecurity and the use of sophisticated Enterprise Resource Planning (ERP) systems. We also gain some understanding of the strategies and tactics manufacturers are using to remain competitive and gain an edge by driving efficiencies and addressing challenges and opportunities. This is an exciting time for manufacturing, full of innovation and possibility. We hope you benefit from the insights here, and we welcome your feedback on this year’s survey.

Jonathan J. Shoop, Office Managing Partner, Cleveland, Marcum LLP 216.242.0820 | jon.shoop@marcumllp.com

ABOUT OUR MANUFACTURING INDUSTRY GROUP

Marcum’s Manufacturing & Distribution Practice Group serves manufacturing- driven and consumer-pulled businesses. Marcum is uniquely qualified to serve manufacturers and distributors with seasoned professionals who understand the industry

and specific market forces that are driving business decisions.

To learn more, visit... marcumllp.com/manufacturing-distribution

John Gabriel

Paul Graney

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John J. McGonical

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