NAM Report (Cont’d from Page 6)
Get your company in front of the flexo industry’s key decisionmakers. Flexo Market News’ readership is comprised of Presidents, Owners, VPs and General Managers of flexo operations — the key people who make decisions on equipment purchases. An ad in Flexo Market News is a direct sales meeting with thousands of the industry’s best thinkers and most influental leaders. Reach Owners, President, VPs and General Managers The Top Minds In The Flexo Industry Are Waiting To Hear From You
business challenges in the first quarter, cited by 76.2 percent of respondents. In addition,manufacturers pre- dict 6.2 percent growth on average for input costs over the next 12 months, the fastest pace since the question was added to the survey in the second quarter of 2018. Respondents expected product prices to rise 3.9 per- cent between now and this time next year,a new record in the more than 23 years that this survey has existed. Retaining Talent The inability to attract and retain talent dropped to second place on the list of top challenges but was still noted by 65.8 percent of those completing the sur- vey. This issue was the primary concern in 11 of the past 13 quarters prior to this release, speaking to the structural skills mismatches that many manufacturers face regarding employment. In a special question, 73.5 percent of manufacturers said that passage of a major Manufacturing Business Outlook By Quarter 1997-2021
workforce training investment bill would positively impact their company’s business plans and outlook. Of those saying that such a bill would be helpful for them, respondents were asked how their companies would utilize such federal dollars if enacted.The most impactful uses included funding on-thejob training programs (74 percent), employer support for growing and expanding apprenticeship programs (59 percent), funding for incumbent worker training programs (57.5 percent), expanding community college programs (44.5 percent) and supporting industry certification programs (35 percent). Other top worries included rising health care and in- surance costs (50.9 percent), transportation and logis- tics costs (50.2 percent), supply chain challenges with inventory management (48.7 percent) and an unfavor- able business climate, including taxes and regulations (44 percent). If lawmakers adopted policies that provide tax in- centives for manufacturing investment in the United
To boost your market presence contact:
Greg Kishbaugh / 317-306-1060 / flexo@nvpublications.com
Robyn Smith / 910-553-4055 / rsmith@nvpublications.com
(Cont’d on Page 11)
Flexo Market News March 15, 2021 9
www.nvpublications.com
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