2022 Marcum National Manufacturing Survey Report

6

THE 2022 MARCUM NATIONAL MANUFACTURING SURVEY REPORT

100%

90%

Leverage technology to drive

80%

Increase productivity and profitability

Offer more customized and specialized services

70%

innovation and improve quality

Product/Service expansion

Expand through acquisition and grow footprint

60%

60%

Compete on price

50%

50%

50%

50%

40%

41%

38%

36%

36%

30%

32%

30%

29%

28%

27%

20%

24%

22%

20%

16%

10%

13%

0%

At a very high level, what are your company’s top three business strategies? Q19

BUSINESS STRATEGIES TOP PRIORITIES

MANUFACTURERS KEEN TO SOLVE PROBLEMS

The labor crunch showed up in survey respondents’ priorities as well. Increasing productivity was the most popular business priority for the coming year, with 60% ranking it among their top three priorities. In this report, we feature our thoughts on smart manufacturing tools, tactics, and strategies for ways to maximize the effectiveness of your staff and do more with less. Leveraging technology to drive innovation and improve quality was another hot-button issue, chosen among the top three by half of respondents. The upcoming section on technology and process improvement offers some ideas for gaining ground. Expanding product and service offerings rounded out the three highest priorities cited, with many companies recognizing the need to continue innovating and stay ahead of the curve. You can see the full list of your peers’ top priorities in question 19 of the results.

60% ranked increasing productivity among their top

three priorities. 60

%