The results from the 2013 Indiana Manufacturing Survey: Manufacturing's Renaissance reveal an often unnoticed but growing renaissance is underway in Hoosier (and American) manufacturing. See why.
Nearly 80% of respondents over the last two annual surveys describe their businesses as 'healthy' or 'stable' – a strong rebound from the dismal days of 2009-2010, when nearly half used the term 'challenged' to characterize their operations.
Other key findings reveal:
- More than 70% of Hoosier manufacturers are actively investing in capital and labor again, while less than 5% are continuing to cut costs across the board.
- The pro-investment attitude of Indiana manufacturers comes in the face of worries about the federal regulatory climate, concerns over global competition, and a pragmatic outlook about the potential for market growth.
- Manufacturers are willing to spend on superior product design, logistics and customer service to compete even in an uncertain economy.
- Human capital continues to be a major obstacle confronting Indiana manufacturers.
To access the 2013 survey, just complete the form on the right.
RECAP OF RESULTS
Professors Mark Frohlich and Steve Jones of Indiana University's Kelley School of Business – Indianapolis discuss the findings of the 2013 Indiana Manufacturing Survey results.
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