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Protect what matters. Our Estate Planning Guide provides a thorough overview of the documents and strategies needed to secure your financial legacy.

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Learn how to get your finances under control and increase your savings! Hear real-life examples and best practices to secure a successful future.
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Comparing Business Valuation Methods: Which is Right for You?
Valuation experts rely on three primary approaches to determine the value of a business: income approach, asset approach, and market approach.
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Understanding how ESOPs work and whether your organization is a good fit is critical to determining if this exit plan aligns with your goals.

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When it comes to buying or selling a business, financial due diligence can uncover both warning signs and opportunities that significantly impact value.
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2019 Manufacturing Outlook Survey Results

February 15, 2019
2019 Manufacturing Outlook Survey Results
This year's survey report contains the expectations and opinions of more than 350 manufacturing executives who produce a wide variety of products including industrial/machining, transportation/automotive, construction, food and beverage, and other products.
 

Survey results include:

  • 81% of manufacturers expect revenue to increase in 2019.
  • Optimism rates have increased by more than 12 percentage points over the last two years.
  • The top three priorities for manufacturers in 2019 include growing sales, improving profitability and addressing the workforce shortage.
  • 52% of manufacturers cited labor/talent as their greatest barrier to growth, followed by competition (34%) and profitability (25%).

U.S. manufacturing industry headwinds are significant and include both internal and external issues, such as inventory turnover ratios, expense changes, labor shortages, growth strategies, the price of raw materials and strength of the dollar, and more.

Strategic manufacturers should have ongoing conversations with all of their advisors, including their accounting and tax provider, as to how to overcome these challenges and achieve their business goals.

“There are a range of value-added services we can offer manufacturers, from tax credits to export tax incentives,” said Lutz Partner and manufacturing client group leader, Jim Honz. “What manufacturers cannot afford to do, is take a ‘wait and see’ approach.”

Please click the button below to view the full 2019 Manufacturing Outlook survey results report.

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