Manufacturing Industry Report and Insights (2022-2023)

By Jacob D. Favaro, CPA, CFP®, Partner | Doug K. Nickerson, CPA, CCA, Partner

Manufacturing Industry Report and Insights (2022-2023)

Manufacturing Industry Analysis

Keiter CPAs and Leading Edge Alliance (LEA) have collected data from Manufacturing businesses to create a National Manufacturing Outlook Report. Conducted in association with leading accounting firms across the country, this report collects and analyzes data from the manufacturing industry.

  • Annual revenues of companies of all sizes and markets
  • Manufacturing niche growth trends
  • Biggest risks today in manufacturing
  • Planned investments, R&D and change management strategies

Anticipating a Greater Focus on Plant and Labor in 2023

Based on the results of this report, we anticipate that manufacturers are taking a close look at the foundations of their operations, their talent and their financial outlook. Investing now in key capital improvements such as plant and equipment and ERP systems will help them prepare for an uncertain economy. Although they are more optimistic about their region than the national or global economy, respondents to this survey are concerned about overcoming supply chain disruptions, fluctuating fuel and energy pricing and – most importantly – staffing shortages.

Opinions and planning will evolve as we monitor the economy. We look forward to discussing how you are currently experiencing these pressures (or opportunities) in your business. Making the best use of your capital in a way that supports a favorable financial and growth outcome is our goal, too.

Please contact us at any time to discuss the information in this report.

If you participated in this survey earlier this year, thank you for sharing your experience with us.

 

Read the Full Report >

 

 

 

See previous years reports:

LEA Manufacturing image 2017     LEA Manufacturing image 2018     LEA Manufacturing image 2019 

 


About LEA Global

Leading Edge Alliance is an association of leading independent accounting and professional service firms committed to shared learning, collaboration and community for the benefit of each other and their clients.

For additional information about LEA Global and its resources, visit leaglobal.com

 

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About the Authors


Jacob D. Favaro

Jacob D. Favaro, CPA, CFP®, Partner

Jacob’s specialty areas include consulting, compliance and tax research for individuals, partnerships, and multi-state corporations. Jacob works with clients in a variety of industries including technology, craft beverage, leasing, manufacturers, construction contractors, public relations, and service companies.

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Doug K. Nickerson

Doug K. Nickerson, CPA, CCA, Partner

Doug shares his real estate and construction accounting insights with his clients to help them achieve their financial goals. Doug is the leader of Keiter’s Construction Industry team and is a member of Keiter’s Real Estate, Healthcare & Medical Services, and Manufacturing Industry teams. Doug has over 18 years of experience in corporate accounting and public accounting providing audit and consulting services.

More Insights from Doug K. Nickerson

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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