Survey Results Help Manufacturers and Distributors Rethink Industry Challenges
CLA’s Manufacturing and Distribution Outlook report has been published and is ready for you to download, review, and absorb.
Information is power, and we believe that business owners and leaders who are aware of their industry’s challenges and opportunities have a sharper competitive edge. Knowing the playing field is advantageous on its own, of course, but what ultimately matters is how you internalize that insight within your unique company.
For instance, in this year’s report, we keep coming back to the reality that our era’s economy is frenzied and unpredictable — it rises or falls on a moment’s notice. We contend that manufacturing and distribution companies must accept this as normal and create their own firm foundations on which to operate and grow. There’s no one-size-fits-all approach to achieving that level of durability.
And our survey results show that our respondents do, in fact, find some very clever and ingenious ways of crafting solutions to what would seem like unsolvable problems, including workforce shortages and rapidly changing technology. How will you create a tailored plan that takes you closer to the dreams you have for your one-of-a-kind company, your employees, your family, and yourself? We hope our analysis and advice help you intentionally consider all possibilities.
Understand the Value Triangle first
Before you dive into the Manufacturing and Distribution Outlook itself, a quick primer on the Value Triangle and building value into your business will help give you some context for our analysis of the results. The report is broken into the four categories of the Value Triangle — leadership, execution, growth, and finances — that every company must master to achieve true business excellence. This is our industry worldview, and our report reflects it.
Some highlights of this year’s report include:
- Planning for succession, plus an infographic that shows what can happen when you have a plan in place — and when you don’t
- Finding solutions to workforce challenges
- Operating steadily amid economic ups and downs
- Making use of the latest technology
- Managing capacity
- Preparing to enter (or not) into global trade
- Aligning revenue expectations and profitability
- Crafting product and customer diversification strategies
Wherever you take your company from here, we hope our Manufacturing and Distribution Outlook lends some helpful insight on building and managing your business. Companies like yours are the backbone of our country, and the people who own and lead them are its heart. All of us at CLA salute you for your hard work, job generation, and countless contributions to our economy and way of life.
Share and receive industry insights
If you did not participate this year and would like to be a part of our next survey, simply subscribe to M&D industry updates and you’ll automatically be invited to respond to our next survey. We wish you all continued success.