2017 Annual Manufacturing Outlook
New England - KLR published its 2nd Annual Manufacturing Outlook Report that includes how tax reform, revenue, and technology impacts the industry. Manufacturers are generally expecting growth in 2017. There are a variety of challenges facing manufacturers, including: weakening domestic demand, lack of qualified workers and rising operating costs. Uncertainty with the new administration’s tax reform is also on the minds of many business owners.
Our report covers insights on:
- Tax reform and its potential impact on the manufacturing industry
- Industry growth expectations for the next 12 months
- A comparison of opportunities for revenue growth in 2016 vs. 2017
- Top technology strategies, business drivers, and more!
About our Survey:
KLR’s 2017 Manufacturing Industry Outlook Report is based on the results of our confidential, web-based survey that was conducted using SurveyMonkey.com, an online survey provider.
From May 2 to May 31, 2017, 136 manufacturing companies responded to our survey. It consisted of 18 questions about a wide range of topics, such as growth expectations, challenges and opportunities, direct costs, and capital expenditures.
We solicited feedback primarily from owners, CEOs and senior level executives of New England manufacturing companies. Most of the respondents had between $1 million to $50 million in annual revenue. But there were a significant number of very small and very large companies involved in the survey. 15% had more than $100 million in annual revenues.
KLR is a New England Regional Public Accounting Firm that is ranked among the Top 100 firms in the United States. From its five office locations in Boston, Providence, Newport, Waltham & Shanghai, the 235+ person firm provides assurance, tax, and business advisory services to private and publicly-held companies throughout the United States and abroad. KLR is a member of Leading Edge Alliance Global, the 2nd largest international professional association of independently-owned accounting, financial, and business advisory firms.