Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Brighter Outlook for Manufacturing in 2011
Nov 17, 2010
 Printable format
 Email this Article
 Search

The second annual ASQ Manufacturing Outlook Survey reports a vast majority of manufacturers are optimistic about an economic uptick in 2011. The survey conducted by ASQ, a network of quality resources and experts, shows 68% of respondents employed in the manufacturing sector predict their organizations will experience revenue growth – more than in 2010.

A year ago, despite the economic landscape, 64.7 % of respondents predicted that revenue would grow in 2010. This year, when asked if their organization did experience revenue growth in 2010, 67% indicated “yes.”

More than 1200 manufacturing professionals from the United States and Canada responded to the online survey Oct. 24 – Nov. 5, 2010.

Other survey results:
• Only 18% of respondents expect a pay freeze at their organization in 2011, compared to 44.8% in 2010.
• 18% predict mandatory budget cuts in 2011, down from 35.2% in 2010

Respondents anticipate:
• Expectations of a salary/merit increase: 48%
• Organizations will continue to create processes to reduce costs: 47%, down from 61.3% in 2010
• Maintaining current staff levels at their organizations: 42%
• Hiring of additional staff: 42%
• No mandatory furlough days: 73% (in 2010, 72% indicated they did not have to take furlough days)

“Though it appears the manufacturing sector is still facing some challenges on the road to full economic recovery, the incremental gains shown in this survey are very promising,” said ASQ Chair Peter Andres. “However, organizations still need to focus on and increase customer satisfaction, and implement continuous improvement practices to remain competitive.”

Back to Daily News

 

Daily News

...........................................................

Nov 24, 2014: Husqvarna named exclusive chainsaw provider for Asplundh

Nov 24, 2014: LG garners Innovation Award for Home Appliances

Nov 24, 2014: Survey: 10% of consumers plan big-ticket appliance purchases in the coming year

Nov 24, 2014: 2014 Green Building Standard available from ASHRAE

Nov 24, 2014: Smeg enters small appliance market in the United States

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows