2023 Marcum National Manufacturing Survey Report

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19

Which of the following actions does your company plan to take this year: (Select all that apply)

Which of the following actions does your company plan to take thi year: (Select all that apply)

25%

42%

40%

52%

55%

53%

44%

Raising prices Seeking M&A opportunities Supply chain diversification Investing in Technology Cutting costs (via LEAN Kaizen or other efficiency initiatives) Entering new markets Raising Prices Increasing Wages & Benefits Entering new markets

Seeking M&A opportunities

Investing in technology

Increasing wages and benefits

Supply chain diversification (e.g., onshoring, reshoring, adding suppliers)

Cutting costs (via LEAN Kaizen or other efficiency initiatives)