A new poll reveals that an overwhelming 9 out of 10 manufacturers are gearing up to raise prices in the second half of this year, building upon earlier adjustments.
This hints at potential inflationary pressures as we enter the latter part of the year.
Interestingly, the poll also showcases the unwavering support among manufacturing executives for President Joe Biden’s policies, with a striking 78% acknowledging the positive impact of current federal policy on their sector.
The survey also highlights the growing embrace of artificial intelligence, reshoring initiatives, and increased investments in robotics to navigate the complex web of supply chain challenges.
Through this, the manufacturing industry continues to demonstrate its resilience amidst evolving market dynamics.
How does your organization anticipate navigating these challenges and maintaining competitiveness in the market?
