Is a recession coming in manufacturing?
Over the last several months, there has been a lot of talk in the United States, and around the world, about the possibility of a recession in the near future. According to the Bureau of Economic Activity, we may already be in one.
Coupled with the current period of high demand for goods - made more difficult by rolling, seemingly random supply chain shortages and endemic labor shortages across manufacturing and other labor sectors - this presents a unique situation.
Today’s demand is high and manufacturers are struggling to keep up, yet there are signs that in the next 12-24 months there may be an economic slowdown.
Are these warning signs real or a self-fulfilling prophecy?
In this Research Spotlight from LNS Research Analyst James Wells, we examine the results of our latest survey-based research on economic uncertainty among industrial organizations, revealing how manufacturers see these two contradictions and what their doing about it.
In this Research Spotlight, discover:
- What four actions manufacturers should take now, whether you believe a recession is coming or not
- How Leaders are turning uncertainty into an opportunity to pull ahead of the competition
- The three themes emerging from the alignment of strategic objectives and priorities in preparing for a possible future of economic uncertainty
- What can be done to prepare and stay one step ahead of seemingly endless Supply Chain upsets
Download the full research report below.