State of the Industry 2021-Q3

State of Industry 2021 Q3 image

Resource Info

File Type: pdf

Subject: Business Strategy

The latest economic indicators (July) all continue to point to strong growth for industrial manufacturing and production. From the CEO to the Purchasing Managers to our fellow systems integrators, everyone is expressing optimism while facing similar challenges. Most prominently are supply issues and difficulty finding sufficient workforce to meet demand.

This is the 14th month of growth. Purchasing Managers expressed struggles to meet demand due to COVID limiting supplies with near record-long raw-material lead times, continued shortages of critical basic materials, rising commodities prices, difficulties in transporting products. Work absenteeism and difficulty filling positions.

-Institute for Supply Management

August 25, 2021