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Manufacturing and Distribution Summit Olympia & Lynnwood, Washington September 14 & 15, 2010
National & Washington Survey Results
Survey demographics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Current condition of business
“ Thriving and growing” by industry segment
Anticipated recovery timeframe
Credit availability ,[object Object],[object Object],[object Object],[object Object],[object Object]
Top Growth Strategies
Export sales
Change in export sales
Projected health care cost increases
Challenges of new product development Survey data indicates those companies introducing new products have higher gross margins
Industry segments offering green products
Profitability of green products
Projected Employment Levels
Skilled labor recruiting needs (manufacturing)
Concern about pending legislation
Concerns about tax increases for pass-through entities
Current Manufacturing Situation and Outlook
Source:  U.S. Department of Commerce Growth in Real Output: U.S. Manufacturing vs. Overall GDP
Source: National Association of Manufacturers
Manufacturing Drives Productivity Growth Source: U.S. Bureau of Labor Statistics Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
The United States leads the way in innovation Source: U.S. Patent and Trademark Office Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
US is the #3 Manufacturing Exporter 2007, $Billions  Compiled by The Manufacturing Institute for the 8th Edition of Facts About Modern Manufacturing
Source: National Association of Manufacturers Jobs  Supported by Manufacturing Exports
The Employment Situation Source: Department of Labor
Deeper Recession, Slower Recovery
Consumer Confidence  Source:  Conference Board July 07 (131.2) August 10 (62.7)
Source:  Commerce Department Mfg Inventory/Sales Ratio
Housing Market
*SAAR (seasonally-adjusted annual rate) Source:  U.S. Department of Commerce, OECD US Trade and the Global Economy
Manufacturing Production Source:  Federal Reserve
Source:  Federal Reserve, and NAM Forecast The Manufacturing Outlo ok
Source:  Department of Commerce, and NAM Forecast The Outlook for GDP
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Experience the power of  being understood. SM Note our new web address: www.mcgladrey.com
Continue the conversation http//mfgblog.mcgladrey.com
Questions ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Manufacturing Survey

Notes de l'éditeur

  1. Survey participants represent more of the upper end of the middle market
  2. All improved from 2009 Led by F&B, Medical Trailing Fab Metal, Bldg Mat’ls Trans Equip, Chem > 2008
  3. Recovery will be long and slow. Most likely will not be back to 2007 levels until 2013.
  4. Overall, unprecedented levels of concern.
  5. Rising exports not only support manufacturing jobs, but jobs in other sectors as well. In 2003, manufactured exports supported a total of 5 million jobs. Roughly half (2.4 mil) in manufacturing and half (2.6 mil) in other sectors , like business services, transportation, wholesale trade and agriculture. By 2008 manufactured exports supported close to 7 million jobs (6.8 mil), a 34 percent increase in just 5 years. While export increase created 446,000 new manufacturing jobs, the number of mfg jobs . Three quarters of the new jobs created by the rise in manufactured exports (1.3 million) were in jobs outside of manufacturing. This is 28 percent of the 4.7 mil increase in private sector employment (outside of mfg) during this time
  6. Gross Domestic Product Private Domestic Final Sales (GDP less Gov, Inventories and Net Exports) 2007.1 0.1 2.19 2007.2 4.8 1.9 2007.3 4.8 1.33 2007.4 -0.2 -0.3 2008.1 0.9 -0.2 2008.2 2.8 0.6 2008.3 -0.5 -3.5 2008.4 -6.3 -7.4 2009.1 -5.5 -6 2009.2 -1.8 -3.5 2009.3 1.1 -1.1 2009.4 0.2 -0.7 2010.1 1.2 0.6 2010.2 2 1.7 2010.3 2.9 2.7