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Slideshow: Top Manufacturing & Purchasing Trends

In an industry where business has been on a slow growth curve for months on end, a recent manufacturing report from Prime Advantage, a buying consortium for midsized manufacturers, points to some good news for the manufacturing industry.

“Specifically, what we thought was interesting about this survey is the story behind the story: It was all positive,” Mike McDonald, vice president of business development at Prime Advantage, told us recently. “Earlier in the year, there might be a sprinkling of optimism in the forecast, but this is a pretty true number in terms of what manufacturers see and expect.”

Last month, his firm has released the results of the 13th edition of its Purchasing and Manufacturing Survey, which offered financial projections and explored top concerns of more than 700 US industrial manufacturing companies.

We asked McDonald to offer some thoughts on the survey. Click on the image below for a slideshow on the results.

Overview

5 comments on “Slideshow: Top Manufacturing & Purchasing Trends

  1. Susan Fourtané
    October 22, 2014

    ” … the lack of qualified workers was the most common barrier to business growth, cited by 53% of those surveyed … “

    This is one of the reasons why education in supply chain is so important.

    -Susan

  2. Hailey Lynne McKeefry
    October 23, 2014

    The opportunities in the industry are expanding and i'm glad to say educational opportunities are expanding along with them. I see a big variety–online, evening classes and regular university. It's very promising.

  3. Susan Fourtané
    October 24, 2014

    Hailey, 

    Yes, indeed. And online education is making a big change. There are several universities offering supply chain management degrees through online programs, which makes education available to those who can't attend regular physical classes for one reason, or another. 

    -Susan

  4. docdivakar
    October 24, 2014

    I do like the survey result “99% say they will expand or retain current labor force”, it is a good trend (barring a few big companies that have announce massive lay offs).

    MP Divakar

  5. Hailey Lynne McKeefry
    October 24, 2014

    @DocDivakar, I agree that it's a promising trend. Workers are, of course, going to need to be flexible and willing to learn new skills and do new tasks. It's about flexiblity and agility. I think the opportunities are limitless for those who fit that criteria.

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