Manufacturing, distribution post-COVID-19

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Sikich’s “Industry Pulse: Manufacturing and distribution” shows industry’s resilience, and having navigated 2020, optimism abounds.

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June 23, 2021

Optimism about business prospects in the next 6 months

(Level of optimism: 1 = not optimistic at all; 10 = extremely optimistic)

1 – 3%

2 – 1%

3 – 2%

4 – 1%

5 – 8%

6 – 14%

7 – 31%

8 – 26%

9 – 10%

10 – 5%

 

56% plan to increase workforce in the next 6 months

Only 5% have confidence in ability to obtain, retain required talent

2/3 of manufacturers,distributors don’t plan to take advantage of/are unsure if they qualify for Employee Retention Credit

Confidence in using existing data to make business decisions

32%: Completely confident

40%: Fairly confident

14%: Somewhat confident

11%: Slightly confident

3%: Not confident at all

More than 50% experienced at least two information security events in the past 12 months. Top reported instances:

81%: Email phishing scams

42%: Unemployment fraud

9%: Ransomware

Source: https://www.sikich.com/2021-industry-pulse-results

ICONS: ADOBE STOCK