A survey of more than 100 top manufacturers showed they are optimistic about 2019.
Alithya Group Inc. reported that 28.3 percent of the manufacturers expected their annual growth rate will be superior to the predicted industry growth rate of 6.6 percent.
The 2019 Manufacturing Industry Trends Survey was conducted by Alithya of Alpharetta, Ga., and its Fullscope division, a provider of the Microsoft dynamics 365 technology platform.
“The U.S. economy has been undeniably strong and 2018 was a productive year for many manufacturing companies,” said John Scandar, senior vice president for Alithya. “This led to so uncover how manufacturers are utilizing the economic upturn to their advantage, and how they are making production more efficient, while improving quality. One of the most interesting findings is around key technology investments needed to stay relevant and better anticipate customer demands.”
The report also looks at investment projects for technology, finding that 17 percent of manufacturers surveyed spent more than $10 million on capital investments in the last year.
Other topics for the survey include mergers and acquisition activity and strategies, what manufacturers are doing to improve collaboration with customers, suppliers and internal users, and the ability to identify profitable projects, customers and regions.
For information, http://info.fullscope.com/2019-manufacturing-survey-report.