2022 Marcum National Manufacturing Survey Report

THE 2022 MARCUM NATIONAL MANUFACTURING SURVEY REPORT

TABLE OF CONTENTS

12 14 16 17 18 19 20 22 23 24

01 02 03 04 06 07 08 09 10 11

EXECUTIVE SUMMARY

THE PERFECT STORM: CYBERSECURITY AND PRIVACY CONCERNS IN 2022

FINANCIAL OVERVIEW

ENTERPRISE RESOURCE PLANNING (ERP)

LABOR OBSERVATIONS

MACROECONOMIC CHALLENGES

EMPLOYMENT GROWTH, RETENTION, AND RECRUITING

ADAPT YOUR APPROACH TO OVERCOME LOGISTICS CHALLENGES

BUSINESS STRATEGIES: TOP PRIORITIES

OPERATIONS MANAGEMENT INITIATIVE

COVID PIVOTS

REVENUE FORECAST

GREAT IT IS CRITICAL TO BUSINESS SUCCESS

THREATS AND CHALLENGES

SMART MANUFACTURING

ECONOMICS, POLICY, AND TAXES

TECHNOLOGY AND PROCESS IMPROVEMENT

LOOKING AHEAD

SURVEY RESULTS

DATA ANALYTICS

ABOUT OUR MANUFACTURING INDUSTRY GROUP

NATIONAL MANUFACTURING INDUSTRY SERVICE LEADERS

JON SHOOP JAMES ASPROMONTI MICHAEL K. BROODER KEVIN COLE TIM CROSBY JOSEPH DISIMONE CARY DRAZNER JOHN ECKWEILER RONALD FRIEDMAN

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. Visit marcumllp.com/manufacturing-distribution to learn more.

MICHELE LIPSON TED LUCAS DANIEL MAURIELLO KEVIN MCGANN JOHN J. MCGONICAL JUSTIN NEPO ROBERT SPIELMAN JEFFREY WINKLEMAN

JOHN GABRIEL PAUL J. GRANEY