Accelerate your
Cash Flow
Accelerate your
Cash Flow

State of Manufacturing Survey

Posted on May 29, 2018

I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented.  Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below:

  • 60% stated workforce is the overriding challenge
  • Confidence highest it’s been since 2008 for both 2017 and 2018
  • In 2016 32% expected to expand.   Now, 64%
  • First time since 2008, capital expenditures are up (both 2017 and 2018)
  • Concern is up from 18% to 32% over cost of energy and materials
  • 38% did strategic planning in 2016 compared to 54% now
  • 2/3 support tax reform but 45% said would help, 42% said would not help.

With confidence and growth, cash flow can be stretched.  Contact us to find out how Invoice Funding/Factoring can help!