2022 Marcum National Manufacturing Survey Report

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THE 2022 MARCUM NATIONAL MANUFACTURING SURVEY REPORT

95 %

FINANCIAL OVERVIEW

STRONG YEAR DRIVES GOOD RESULTS Robust macroeconomic conditions drove good results across the manufacturing spectrum in 2021, and 85% of respondents saw revenue increases while just one respondent indicated a decline. These compelling growth figures came despite headwinds from labor and logistics, sourcing difficulties, and ongoing struggles with inflation. While COVID-19 has faded as an everyday problem for most organizations, we were struck by how many respondents told us the pandemic permanently changed operations. In fact, the survey numbers were even higher than last year, as 68% now say they are changing their workplace environments, while increases were also reported in how respondents will manage logistics, total headcount, the use of technology, and supply chain management. Financing remained accessible in 2022, with capital still easy to come by and just 5% of respondents indicating it was more difficult to access capital. Positivity continued in anticipating 2022 performance, with 95% of respondents expecting to meet or exceed last year’s revenue and only 5% anticipating a decline. Overall, 65% of respondents have positive feelings about manufacturing’s outlook in 2022. This snapshot was taken prior to the significant declines in public markets in the first half of 2022, but the overall tempered optimism of our respondents still seems appropriate given pent-up demand and some favorable trends.

95% expect to meet or exceed last year’s revenues.

68% say the pandemic permanently changed operations in changing

68 %

their workplace environments.

While COVID-19 has faded as an everyday problem for most organizations, we were struck by how many respondents told us the pandemic permanently changed operations. “ ”

65% were optimistic about the coming year.

65 %